Kalaari Capital Planning Snapdeal Exit and Selling Stakes
Kalaari Capital, the venture capital and investor in Snapdeal, held talk with the company’s promoters about selling part or the totality of its stake in the e-commerce on the online market.
According to anonymous sources, the discussions are still at an early stage and there are yet no guarantee that the request will be granted.
However, the sources did mention that the venture capital firm is well capable of selling its stakes in Snapdeal for Rs 40- Rs 50 crore. The sum is a very small fraction of the total sum the company invested in the company, about Rs 135 crore. It is also being reported that Kalaari Capital are holding talks with other investors to buy out their stake in the company. This desperate move signals that all is not well for the e-commerce business.
Snapdeal alre...