Guruji Books, one of the largest and most reputable books resellers in Delhi,
announced today that it has acquired Snatch Books, one of India's largest online
academic books resellers, in a strategic move aimed at expanding its operations and
strengthening its position in the market.
The acquisition is expected to bring significant benefits to both companies. Guruji
Books, which has been in business for over a decade, will now have access to
Snatch Books' advanced e-commerce platform and state-of-the-art fulfilment
capabilities, enabling it to expand its online presence and improve its supply chain.
Snatch Books, on the other hand, will gain access to Guruji Books' vast catalogue of
books, deep industry knowledge, and extensive distribution network, which will help it
reach a wider audience and increase its revenues.
We are pleased to officially announce our acquisition, which represents a significant
milestone for Snatch Books. This move is expected to propel our company to new
heights, while also offering greater cost-efficiency to students residing in Tier-2 and
Tier-3 cities," said Mr Sanjay Tolani and MD Saleem, Co-founders of Snatch Books
Private Limited
Snatch Books Private Limited was founded in 2018 by two alumni of SSCBS, Delhi
University during their second year. The organisation's overarching objective was to
make books accessible to students across the nation at a reasonable price. Initially,
the start-up commenced its operations in a solitary college and, over the course of
five years, expanded to encompass the entire country, reducing the book cost by 80%
and achieving a CAGR of 115%. Snatch Books have a monthly traffic of 46,000
visitors.
The acquisition is expected to have a significant impact on the books industry, as
Guruji Books and Snatch Books come together to create a more formidable
competitor in the market. With the combined resources and expertise of the two
companies, customers can expect a wider selection of books, affordable prices, and
more personalised service.
As the deal moves forward, both companies will work closely to ensure seamless
integration of operations and a smooth transition for customers.
