Snapdeal buys RupeePower |
To create more liquidity for consumers, Snapdeal.com has bought a majority stake in online financial services company RupeePower in cash and stock. Snapdeal, promoted by Jasper Infotech Pvt. Ltd, did not disclose the financial details of the deal. Snapdeal wishes to create the largest financial services marketplaces in India, said co-founder and chief executive officer (CEO) Kunal Bahl. Online financial services in India are estimated to be $30 billion by 2020.
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