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Report: Indian e-commerce platform bids coming in lower than expected

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Report: Indian e-commerce platform bids coming in lower than expected

Indianretailers Snapdealand Future Group remainin the running to buy e-commerce platform Jabong, but offers are coming in at afraction of the intended sale price, TheEconomic Times reported July 15.

WhileJabong owner Global Fashion Group had sought to value the company at $200million, the bids may end below $50 million, according to the report.