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Snapdeal moves closer to acquiring ShopClues, due diligence begins

Updated : May 22, 2019 06:59 AM IST

Both the companies share a common investor, Nexus Venture Partners, which could have been a favourable factor for the integration.
Both Snapdeal and ShopClues are smaller players in the ecommerce sector, dwarfed by Flipkart and Amazon.
According to Forrester Research, Snapdeal's market share in 2018 stood at only 1.9 percent while ShopClues held 1.6 percent. 
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