Jasper Infotech board has rejected $800-900 million offer from rival company Flipkart.

Snapdeal And Flipkart

New Delhi: Bengaluru headquarter Flipkart, the country’s largest online retailer completed its commercial and legal due diligence of gurgaon based snapdeal eight weeks ago.The offer has been rejected by the Snapdeal’s board but talks are still on. It’s an ongoing discussion, said the inside sources.Currently Snapdeal, SoftBank and Flipkart declined to comment.In February 2016, the sale to Flipkart could se Snapdeal being valued at about $1 billion compared to a valuation of about$6.5 billion 

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