Ratan Tata to invest in Snapdeal?

The buzz is going on that chairman emeritus of Tata group Ratan Tata is considering investing in popular Indian e-commerce portal Snapdeal as a capacity of an individual.

The news come at a time when its rivals like Flipkart and Amazon announced generating investment over billion dollars just couple of weeks back.

However it is not clear yet that how much Tata would invest or how much stake he would claim in Snapdeal after the completion of the deal.

Snapdeal.com is an Indian Online Marketplace, founded in 2010 by Rohit Bansal and Kunal Bahl. Headquartered in New Delhi, snapdeal acquired popularity very soon with its unique and fresh and unbeatable offers & deals. Featuring a wide assortment of products across categories like Mobiles, Electronics, Fashion accessories, Apparel, Sports, Books; and services like Restaurants, Spas & Entertainment, Snapdeal.com has been able to attracked over 18 million customers in just three years. With introduction of ‘same day delivery’ Snapdeal puts lots of pressure on fellow rivals.

Meanwhile the sources are telling that Ratan Tata had visited Snapdeal’s Delhi office last month and also spoken to employees.

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