SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

SoftBank-backed e-commerce player Snapdeal files for IPO, eyes $165m

Snapdeal. Photo: Reuters

Indian e-commerce company Snapdeal on Tuesday filed for an initial public offering in local stock exchanges, seeking to capitalize on strong market sentiment even though its business was hit hard by the COVID-19 pandemic.