India: Snapdeal acquisition to benefit Tiger Global more than Flipkart

India: Snapdeal acquisition to benefit Tiger Global more than Flipkart

An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi

A $1 billion buyout of struggling online marketplace Snapdeal by Flipkart may yield more immediate benefits to Tiger Global Management, Flipkart’s largest investor, than to the buyer or to Indian consumers.

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