Softbank-backed e-commerce firm Snapdeal may file for $266m India IPO by Dec-end

Photo: Mint

Ecommerce startup Snapdeal Pvt. Ltd is planning to file draft papers for an initial public offering (IPO) by the end of December, two people aware of the development said, as it aims to join the bandwagon of technology IPOs.

The company, founded by Kunal Bahl and Rohit Bansal, is planning to raise as much as 2,000 crore through the proposed share sale, the people cited above said on condition of anonymity. This will include a mix of primary fundraise and secondary share sale by existing investors.

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