E-commerce firm Snapdeal shelves its $152 million IPO plans amid tech stock meltdown

New Delhi-based Snapdeal was started in 2010 by Wharton alumnus Kunal Bahl and Indian Institute of Technology graduate Rohit Bansal.

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SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO,the company told media sources.

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