Tuesday, 24 June 2014

COS THAT CHANGED THE MARKET NOW GOING TO THE MARKET

E-tailers like Flipkart, Snapdeal, Infibeam prepare for public market debuts 

Nearly half-a-dozen of India's top consumer Internet companies are preparing the ground for public market debuts as they look to ride a worldwide wave of interest in the business of digital commerce. In addition to initiating conversations with investment banks, they are beefing up senior executive teams and also considering offers for pre-IPO rounds of funding from risk capital investors. At Flipkart, India's largest online retailer, the hunt for a chief financial officer has entered the home stretch, according to those aware of the plan, while rival Snapdeal is strengthening its finance team as it begins discussions with merchant bankers. 

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