Snapdeal says not in talks with Flipkart, Paytm for sale | business-news | Hindustan Times
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Snapdeal says not in talks with Flipkart, Paytm for sale

E-commerce marketplace Snapdeal on Wednesday firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale.

business Updated: Mar 31, 2017 07:55 IST
Kunal Bahl, CEO of e-commerce firm Snapdeal, speaks during an interview in Mumbai. Snapdeal firmly denied that it was in talks to sell the firm.
Kunal Bahl, CEO of e-commerce firm Snapdeal, speaks during an interview in Mumbai. Snapdeal firmly denied that it was in talks to sell the firm.(Reuters File Photo)

E-commerce marketplace Snapdeal on Wednesday firmly denied that it was in talks to sell the firm, after Mint newspaper reported the company was in talks with domestic rivals for a potential sale.

Mint had reported Snapdeal was in talks with Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale, quoting sources.

“Snapdeal categorically denies having had any such discussion. The information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction,” a spokeswoman said in a written statement.