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Private Equity | 4 April 2012

Snapdeal Acquires Sport Goods Etailer - esportsbuy.com

by Irfan Khan
Snapdeal Acquires Sport Goods Etailer - esportsbuy.com
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Snapdeal has acquired online sports goods retailer - esportsbuy.com. The terms of the transaction were not disclosed, however the dealsize is expected to be in the range of R50-75Cr.

This acquisition will help the ecommerce portal to expand in the arena of sports retailing.

Esportsbuy.com was founded by Amit Monga and Prateek Agarwal in 2011 and has posted revenues of about R10Cr in one year of operations.

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InfoEdge Backed Mydala To Raise Fresh Funds

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