Snapdeal acquires mobility solutions company Letsgomo Labs [ Current Affairs ]
Domestic e-commerce Snapdeal has acquired Letsgomo Labs which is Gurgaon based mobility solutions Company. According to the deal, Letsgomo team will become part of Snapdeal. It helps in conceptualization of applications and mobile sites to implementation and hosting.
This deal will also help to strengthen Snapdeal position in the m-commerce domain in mobile technology capabilities.
- 75% of the orders on Snapdeal already come via mobile-based transactions. This takeover comes in lines of Snapdeal’s acquisitions of Martmobi and Freecharge to further strengthening its mobile platform.
- Letsgomo Labs was founded by Manav Kamboj and Vikas Banga. At present, it has 76 members team that work across various mobile technologies including design strategy and consults in businesses right from building mobile strategies.
- Snapdeal is an online marketplace, New Delhi, India. Kunal Bahl was started this company. He was completed graduation from Wharton in M&T Engineering.
- Published on: June 23, 2015