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India’s largest online marketplace Snapdeal has acquired Hyderabad-based mobile e-commerce platform MartMobi, a company that has created mobile-specific platform for small and medium-sized businesses, for an undisclosed sum.
With this buy, Snapdeal intends to augment its mobile commerce capabilities, the company said in a statement. “Mobile has been a key focus area for us and we have built technology capabilities to create a great experience for our buyers and sellers on this platform. The MartMobi team has built world class products for mobile commerce which will give a fillip to our existing mobile capabilities and we are confident that the team will further boost our mobile capabilities,” said Co-Founder Snapdeal Rohit Bansal.
MartMobi was founded by serial entrepreneurs Pramod Nair and Satya Krishna Ganni.
rajesh.kurup@thehindu.co.in
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