(REUTERS) To further enhance its mobile capabilities, e-commerce major Snapdeal has acquired mobile solutions company Letsgomo Labs, for an undisclosed amount. After the acquisition, the Letsgomo team will join Snapdeal to work on its mobile technological capabilities.
This is Snapdeal’s 12th buy since it was founded in 2010. The first acquisition was in 2011 (see table).
Founded by Manav Kamboj and Vikas Banga, Letsgomo provides end-to-end mobility solutions to businesses.
“Snapdeal is focused on building strong mobile capabilities and we are truly excited to be a part of the Snapdeal family. Mobile will continue to drive e-commerce in the country and how companies utilise this platform will be a key success determinant. We look forward to building world-class mobile technology at Snapdeal and set new benchmarks for the industry in this space,” said Kamboj.
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