V-Mart to acquire fashion marketplace LimeRoad in a distress sale
Shortpedia
Content Team
Image Credit: Inc42
Fashion retailer V-Mart Retail on Monday (October 17) said it would acquire Tiger Global-backed ecommerce startup LimeRoad in an all-cash deal of INR 31.12 Cr on a slump basis. As part of the deal, V-Mart would acquire the fashion marketplace’s assets worth about INR 14.61 Cr and assume its current liabilities of INR 36.26 Cr.
