Snapdeal acquires mobility solutions company Letsgomo Labs
Domestic e-commerce giant Snapdeal has acquired Gurgaon based mobility solutions company Letsgomo Labs.
With this acquisition Letsgomo team will become part of Snapdeal. It will help to strengthen Snapdeal position in the m-commerce domain by further strengthen it mobile technology capabilities.
It should be noted that 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. Presently it has 76 members team that work across various mobile technologies including design strategy and consults in businesses right from building mobile strategies. It also helps in conceptualization of applications and mobile sites to implementation and hosting.
Month: Current Affairs - June, 2015