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Online shopping site Snapdeal to buy its rival ShopClues in all-stock deal

Online shopping site Snapdeal to buy its rival ShopClues in all-stock deal. The deal likely to value ShopClues between $200mn & $250mn. The deal will help Snapdeal add customer base in tier 3 & 4 cities. Snapdeal sees 2 lakh orders per day & ShopClues sees 40K orders per day. Snapdeal had held talks with Flipkart for a sale in 2017.

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