With Softbank's push, Snapdeal may merge with Flipkart

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Snapdeal and Flipkart merger on cards
Snapdeal and Flipkart merger on cards

New Delhi : Indian online retail space may see one of the biggest mergers soon as Softbank is pushing the entities to get along, claims a report by The Times of India.

According to the report, Softbank is likely to push in nearly $1.5 billion, 15% of stake, in the merged entity.

The bank is one of the largest investor in Snapdeal with a little over 30 per cent stake. For Flipkart, Tiger Global turns out to be the biggest investor.

The report mentioned that Tiger Global is interested in sharing 10% of its stake, nearly $1 billion. 

The discussions are on card since February and it seems like anything major can be announced by the end of month April.