Snapdeal acquired Hyderabad-based startup MartMobi

May 26, 2015 16:13 IST

E-commerce major Snapdeal on 25 May 2015 acquired Hyderabad-based mobile technology startup MartMobi for an undisclosed amount. This acquisition will help Snapdeal to strengthen its mobility platform for merchant partners.

In 2015 itself, Snapdeal acquired payments and mobile recharge startup Freecharge in a cash-and-stock deal as well as picked up stakes in digital financial services platform RupeePower and logistics venture GoJavas.

About MartMobi

Founded by Pramod Nair and Satya Krishna Ganni, MartMobi creates mobile sites and apps for e-commerce stores, small and medium-sized businesses.

With over 150 clients, MartMobi enables seamless connectivity with the customers' existing back-end systems in addition to a real-time analytics engine to improve conversions and user engagement.

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Quick Digest

Who: Snapdeal

What: Acquired startup MartMobi

When: 25 May 2015

Is this article important for exams ? Yes7 People Agreed
Read more Current Affairs on: Snapdeal , MartMobi , acquisition

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