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Snapdeal has acquired Hyderabad-based mobile technology startup, MartMobi for an undisclosed amount, a move that will help the firm strengthen its mobility platform.

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After merger talks with Flipkart fail, Snapdeal may lay off.Jasper and SoftBank have been going back and forth the last two months on crucial terms of the deal, including on the investment size and the valuation, these people said, declining to be identified.

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Cab-hailing company Ola is raising capital from SoftBank at a 40% drop in valuation, ET reported in November, citing people aware of that transaction.

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Ecommerce giant Snapdeal today announced that it has acquired Hyderabad-based mobile technology startup MartMobi for an undisclosed amount.

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The company did not disclose the financial deal, but claimed it as.

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