BANGALORE, INDIA: E-commerce market place Snapdeal has acquired Hyderabad-based technology startup MartMobi for an undisclosed amount.
The acquisition will enable Snapdeal to strengthen its mobility platform for merchant partners.
Founded in 2012 by Pramod Nair and Satya Krishna Ganni, MartMobi, is a platform which enables e-commerce small and medium enterprises to have an instant mobile presence without writing a single line of code. A do-it-yourself platform, MartMobi can be used to create custom applications for retailers across mobile platforms.
In the recent past, Snapdeal has acquired payments and mobile recharge startup FreeCharge in a cash-and-stock deal. Moreover, acquired stakes in digital financial services platform RupeePower and logistics venture GoJavas. Founded in 2010, Snapdeal has about 40 million registered users and around 150,000 business sellers.
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