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E-Commerce acquisition spree

Update On :04 March 2015

E-Commerce acquisition spree

The e Commerce giants has been in to acquisition spree.New Delhi-based Jasper Infotech, which owns and operates online marketplace Snapdeal.com, has been the quickest off the blocks, announcing three acquisitions over the past 12 months, with a further two-to-three more acquisitions expected to be announced over the course of the new fiscal.
"We are a technology company and technology remains our focus. Anything that adds to it will be something we're interested in," said Abhishek Kumar, head, corporate development for Snapdeal, who is responsible for leading the company's M&A initiatives.

News Source From : timesofindia.indiatimes, img source:onlineseller

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