Full text: Let's make Snapdeal 2.0 a success, says Bahl and Bansal's letter

There are multiple successful e-commerce businesses in every market, argue the co-founders

Snapdeal on Monday announced it would chart out an independent path and put an end to any plans for its merger with Flipkart. 

As reported earlier, after a long-drawn David versus Goliath style contest to retain control over one of the oldest e-commerce companies in the country, Snapdeal co-founders Kunal Bahl and Rohit Bansal have prevailed over their biggest investor, Japanese telecom giant SoftBank Group. Bahl and Bansal hold just about 6.5 per cent in Snapdeal, while SoftBank, with an investment of over $900 million, has around 33 per cent in it.

After Monday's development, Bahl and Bansal