Diabytes
Nexus Venture Partners News
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While Snapdeal had stated that it would follow an independent path and was therefore, terminating all strategic talks, sources had said differences in valuation and terms of the deal had led to the fallout after five months of negotiations.
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One of the leading contenders in the Indian e-tailing segment, Snapdeal has seen its fortunes failing amid strong competition from Amazon and Flipkart.
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The beleaguered firm has a number of investors including PremjiInvest, Ontario Teachers' Pension Plan, Ratan Tata, Foxconn, Temasek and BlackRock among others.
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The board of Snapdeal is expected to meet on Monday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart.
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At a board meeting of Jasper Infotech, SoftBank showed interest in buying a part of the stake owned by Kalaari and Nexus.
MapmyIndia would continue to independently serve all consumers and enterprises across all industries.
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