Snapdeal in talks to raise fresh funding, bags investment from Anand Piramal

Snapdeal in talks to raise fresh funding, bags investment from Anand Piramal

A private security gurad stands at a gate of Snapdeal headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi

Two years after a failed merger with Flipkart and a subsequent turnaround of sorts, online marketplace Snapdeal is in initial talks to raise a fresh round of funding, said three people familiar with the matter, requesting anonymity. The talks are at a fairly early stage and investor names have not been finalized yet.

The development also comes just a month after Snapdeal’s acquisition talks with ShopClues fell through.

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