SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report

Photo: Mint

Indian e-commerce player Snapdeal is looking to raise $400 million from an initial public offering (IPO) at a valuation of about $2.5 billion, Bloomberg reported on Friday citing sources.

The company, which counts SoftBank Group Corp. among its investors, has begun talking to advisors about a potential listing in Mumbai as soon as next year, the report said.

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