India: Snapdeal sale still in limbo as cash reserves dwindle

India: Snapdeal sale still in limbo as cash reserves dwindle

Photo: Mint

Struggling online marketplace Snapdeal needs to urgently seal a funding round or sell itself to larger rivals Flipkart or Paytm, as fast-depleting cash reserves leave it with a runway of less than four months, according to three people close to the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter