SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report

SoftBank-backed Indian e-commerce firm Snapdeal plans IPO at $2.5b valuation: Report

Photo: Mint

Indian e-commerce player Snapdeal is looking to raise $400 million from an initial public offering (IPO) at a valuation of about $2.5 billion, Bloomberg reported on Friday citing sources.