Why Snapdeal bought mobility solutions company Letsgomo Labs?

Posted By: Gizbot Bureau

    Aiming to further strengthen its leadership in the mobile commerce domain, Snapdeal has acquired Letsgomo Labs, a mobility solutions company, a top official of the e-commerce major said on Monday.

    Why Snapdeal bought mobility solutions company Letsgomo Labs?

    Mobile is one of the key growth drivers of e-commerce in the country. It has been a key focus area for Snapdeal as well.

    "Mobile is one of our key focus areas and in a span of just two years, the medium has proved to be one of the biggest growth drivers for the company," Rohit Bansal, co-founder, Snapdeal, said in a statement here.

    SEE ALSO: Top 10 Upcoming Rumored Smartphones Expected To Launch in Q3, Q4 2015

    "Delivering a great user experience across varying data connections and numerous handsets being used in the country is the guiding principle for our mobile initiatives," he added.

    Why Snapdeal bought mobility solutions company Letsgomo Labs?

    Already, 75 percent of the orders on Snapdeal come via mobile-based transactions, the company said.

    "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," Manav Kamboj, co-founder, Letsgomo said.

    Source: IANS

    Read More About: snapdeal mobile phones
    X

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more