Tag: snapdeal

Alibaba and Foxconn show interest in Indian mobile commerce giant

| June 19, 2015

Snapdeal is in advanced investment discussions with Alibaba and Foxconn

India’s Snapdeal continues to attract strong interest from other companies involved in the mobile commerce space. This week, Snapdeal announced the acquisition of a mobile app developer, which is expected to further solidify the company’s mobile commerce dominance. Now, China’s Alibaba and Taiwanese handset manufacturer Foxconn have entered into advanced discussions regarding purchasing a 10% stake in Snapdeal. This is not the first time that Alibaba has shown investment interest in Snapdeal.

Alibaba has shown an intense interest in India’s mobile commerce space

As one of China’s largest e-commerce entities, Alibaba has been very aware of the growing prevalence of mobile commerce. In China, smartphone penetration has been growing quickly, and many people are becoming more interested in the concepts surrounding mobile shopping. Snapdeal has become the largest player in India’s mobile commerce market, which has made the company a very attractive topic for Alibaba and others. Alibaba has already invested in India’s mobile commerce space, purchasing a 25% stake in Paytm earlier this year.

India has become one of the most attractive and fastest growing mobile markets in the world

Mobile Commerce Interest in IndiaMobile commerce is growing very quickly in India, making the country one of the most attractive mobile markets in the world. Investments from foreign companies are adding fuel to the growth in this sector and companies like Snapdeal could have a lot to gain from such investment interest. Investment discussions do not always work out, however, and initial negotiations between Snapdeal and Alibaba failed due to differences in valuation of Snapdeal’s stock. Alibaba has, however, returned to discussions with some enthusiasm.

Investments will help Snapdeal thrive and provide better services in the mobile commerce space

Snapdeal has raised approximately $1 billion in funding through investments, with Japan’s Softbank being a primary investor in the company. This funding has been instrumental in Snapdeal’s plans to become a mobile commerce powerhouse. The more funding that the company can raise, the better services it will be able to provide to consumers and businesses alike.

Snapdeal establishes dominance in the mobile commerce space

| June 18, 2015

Snapdeal announces the acquisition of app developer Lesgomo Labs

In an effort to further solidify its position in India’s mobile commerce space, Snapdeal has announced its successful acquisition of Letsgomo Labs, a developer of mobile applications. The acquisition may have a major impact on Snapdeal’s future mobile plans. Mobile commerce has become a major focus for Snapdeal recently, with the company taking steps to become completely mobile-centric as a way to effectively engage consumers that are becoming more reliant on smartphones.

Acquisition expected to augment Snapdeal’s mobile commerce interests

Letsgomo Labs develops mobile application and offers mobile services to its clients. The company’s expertise in the mobile space may be put to work in Snapdeal’s future plans for mobile commerce. Letsgomo believes that mobile technology will continue to serve as a driver for growth in the e-commerce space and the company hopes to build new mobile services for Snapdeal that will appeal to the company’s customers and mobile shoppers in general.

75% of Snapdeal’s business now comes from mobile platforms

Mobile Commerce - SnapdealAccording to Snapdeal, approximately 75% of its business is now done over mobile platforms. Consumers have become enthralled with the concept of mobile commerce, as it represents a more convenient way to shop for many people. Mobile shopping is having an evolutionary effect on India’s retail space, with a growing number of merchants taking steps to become more accommodating of mobile consumers by providing them with ways to shop for and purchase products with their mobile devices.

Snapdeal continues to show dominance in the mobile commerce market

Snapdeal has been acquiring several other companies over the past year, and these acquisitions have made it the largest mobile commerce company in India. Last month, Snapdeal acquired Martmobi, a company that provides real-time analytics concerning mobile activity as well as several other services. Snapdeal has also been receiving support from other companies outside of India. These companies have a strong interest in mobile commerce, as it represents a major opportunity for retailers that are interested in the digital world.