Snapdeal sale still a few weeks away, board in discussion with others

Flipkart offer does not include Snapdeal's three units in payments, logistics and e-commerce management

Flipkart has sent a second bid of $900 million to $950 million dollars to buy smaller e-commerce rival Snapdeal, sources privy to the information said.

The offer does not include Snapdeal's three units in payments, logistics and e-commerce management. While the Snapdeal board is evaluating the Flipkart offer, it is also engaged in informal talks with two listed companies, sources said.

Sources said that the talks with these two companies are happening for Snapdeal as well as Vulcan Express as part of the package for little over $1 billion. Jasper Infotech, the parent of Snapdeal, also owns Freecharge, the digital