Snapdeal to merge with Paytm's e-commerce site: Reports
E-commerce platform Snapdeal is reportedly in talks to merge with Paytm's e-commerce website, called Paytm Mall. According to the report, the deal was initiated by the companies' common investor, China's Alibaba. Japan's SoftBank is also expected to be a major beneficiary of the possible merger, as it reported a loss of ₹2,300 crore mainly from its Indian investments including Snapdeal.