Guruji Books, a prominent books reseller based in Delhi, has announced its
acquisition of Snatch Books, one of India’s largest online academic books resellers.
The acquisition is a strategic move aimed at expanding Guruji Books’ operations and
strengthening its position in the market.
The acquisition is expected to yield significant benefits for both companies. Guruji
Books, with over a decade of experience in the books industry, will now have access
to Snatch Books’ advanced e-commerce platform and state-of-the-art fulfilment
capabilities, allowing it to enhance its online presence and optimise its supply chain.
Snatch Books, on the other hand, will gain access to Guruji Books’ extensive
distribution network, vast catalogue of books, and deep industry knowledge, which
will help the company reach a wider audience and increase its revenue.
Mr. Sanjay Tolani and MD Saleem, Co-founders of Snatch Books Private Limited
expressed their satisfaction with the acquisition, calling it a significant milestone for
their company. They also noted that the move would bring greater cost-efficiency to
students residing in Tier-2 and Tier-3 cities.
Snatch Books Private Limited was founded in 2018 by two alumni of SSCBS, Delhi
University with the objective of making books accessible to students across India at
reasonable prices. The start-up initially operated within a single college. It grew to
cover the entire country over five years, reducing books cost by 80% and a CAGR of
115%. Currently, Snatch Books receives monthly traffic of 46,000 visitors.
The acquisition is expected to have a significant impact on the books retail industry,
as the combined resources and expertise of Guruji Books and Snatch Books create a
more formidable competitor in the market. Customers can look forward to a wider
selection of books, affordable prices, and more personalised service.
Both companies will work closely to ensure a smooth transition for customers as
they move forward with the deal.
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