Friday, 24 March, 2023

Snapdeal files for IPO

<p>The New Delhi-based startup, Snapdeal, which counts SoftBank as one of its investors, stated in its draft prospectus that it plans to issue new shares worth $165 M. Snapdeal has raised over $1.7 B to date, according to Crunchbase and Tracxn. It generated operating revenue of $31.9 M in the past six months ending in Sept. SoftBank, Sequoia Capital India, and Foxconn, among its existing investors, plan to sell up to 30.7 M secondary shares in the IPO.<br /> &nbsp;</p>