It is yet unclear how much Snapdeal is willing to pay for GoJavas. The company was valued at `600 crore when Snapdeal acquired a 42% stake in it in two tranches last year for about ₹250 crore.
The acquisition would aid Snapdeal to try and claw back the market share it has lost to Amazon India over the past six months, by strengthening its supply chain infrastructure and ensuring faster deliveries to consumers.
Marketplace is completing acquisition process of GoJavas to try and claw back its market share.
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