wordpress blog stats
Connect with us

Hi, what are you looking for?

Snapdeal acquires mobility solutions company Letsgomo

Snapdeal has acquired mobility solutions company Letsgomo Labs. With the acquisition, the 76 member Letsgomo team has joined Snapdeal. Its website is currently inaccessible and informs that: "We are undergoing a change and working on something interesting." It's not yet clear if Letsgomo will continue to operate independently or merge with Snapdeal. Founded by Manav Kamboj and Vikas Banga, Letsgomo consults businesses regarding building mobile strategies, conceptualization of applications and mobile sites, as well as implementation and hosting. The Gurgaon-based company also works with leading e-commerce companies to help them improve their mobile capabilities. This is Snapdeal's second acquisition in the m-commerce space in the past month. Last month, it had acquired Hyderabad-based mobile technology startup MartMobi for an undisclosed amount. At the time, the company had said that this acquisition will allow Snapdeal to provide merchants on its platform better mobility options. Snapdeal co-founder Rohit Bansal had told PTI that it’s not yet decided if MartMobi will continue operating as an independent entity or not, but the expertise the startup brings to the table will be integrated with Snapdeal. Snapdeal, which had acquired online recharge and couponing site Freecharge in April this year, claims that currently over 75% of its orders come from mobile based transactions. Snapdeal on an acquisition overdrive – In March, Snapdeal had acquired a majority stake in Gurgaon-based financial products and services platform RupeePower for an undisclosed amount. Following the deal, Snapdeal had said it will start offering a financial services marketplace, where consumers can expect to get…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Third-party cookies are small pieces of data that are collected by websites to track user activity. These are particularly lucrative to websites, as this...

Kotak Mahindra Bank Kotak Mahindra Bank

News

RBI noted that without a robust IT infrastructure and IT risk management framework, the bank’s Core Banking System (CBS) and its online and digital...

News

As opposed to Large Language Models, Small Language Models are best suited to perform simple tasks and can also be easily fine-tuned to meet...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ