Snapdeal-Flipkart Deal has collapsed as the former’s co-founders want to pursue an independent path. The move will come as huge setback for Softbank. Snapdeal has officially called off the acquisition deal with Flipkart, according to an official statement released by the Gurgaon based e commerce company on Monday. The statement specifically stated that Snapdeal will now…

In an interesting turn of events, the much hyped-up Snapdeal - Flipkart deal may most likely be called off as former’s co-founders and shareholders continue to disagree on terms and conditions of the sale proceedings. The report comes barely four days after Snapdeal’s management agreed to sell its e-commerce business to its Bengaluru based arch…