Ecommerce Big Players To Go On A Buyout Spree

BANGALORE: In the race to finish victorious, India’s leading e-commerce companies Snapdeal, Flipkart And Amazon are all set to splurge on takeovers in the coming fiscal as they look to seize the opportunity across the board for their expansion. Jasper Infotech that administers and holds possession over the online Snapdeal.com have already claimed three acquisitions in the last 12 months and is soon to announce several more in the new fiscal, reports Economic Times.

"We are a technology company and technology remains our focus. Anything that adds to it will be something we're interested in," said Abhishek Kumar, head, corporate development for Snap deal.

It is said that Snapdeal has billed up to 60 percent of its total expenditure in technology which also includes inorganic growth.  However, Kumar refuses to speak on the companies expenses in regard to the acquirement. The online ecommerce company acquired the premium fashion portal Exclusively.in,it then generated  a $627 million from Japanese media, internet and telecom investor SoftBank. The company continues to further its ownership now including social product discovery platform Doozton and gifting recommendation venture Wishpicker in 2014-15.

"The canvas is much broader now. If you look at Alibaba's investments in China and in the U.S., it has largely been outside the typical ecommerce eco-system. The idea is to prove that they're not just an ecommerce company, but a global consumer internet company," said Nitin Bhatia, director of Signal Hill India.

It has been around nine months that the competing retailing majors have gathered on board members to take over their M&A and private investment projects. It is for this reason the risk-capital funding has now led to the online retailers to seek for deals, mainly in mobile, analytics, payments, logistics and other product categories.

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