Business Standard

Not in talks with Paytm, Flipkart for sale: Snapdeal

Mint reported Snapdeal was in talks with Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale

Snapdeal

Snapdeal

Reuters Mumbai

E-commerce marketplace Snapdeal on Wednesday firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale.

Mint had reported Snapdeal was in talks with Paytm and Flipkart for a potential sale, quoting sources.

"Snapdeal categorically denies having had any such discussion. The information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction," a spokeswoman said in a written statement.

 

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 22 2017 | 2:05 PM IST

Explore News