Guruji Books, a well-known and reputable book reseller in Delhi, announced today
that it has strategically acquired Snatch Books, one of India's largest online
academic booksellers, in a move aimed at expanding its operations and
consolidating 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 cutting-edge fulfilment
capabilities, which will enable it to expand its online presence and optimise its
supply chain. On the other hand, Snatch Books will benefit from Guruji Books'
extensive distribution network, vast catalogue of books, and deep industry
knowledge, allowing the company to reach a wider audience and increase its
revenue.
Mr Sanjay Tolani and MD Saleem, the Co-founders of Snatch Books Private Limited,
expressed their satisfaction with the acquisition and described it as a significant
milestone for their company. They also pointed out that the acquisition would
provide greater cost-efficiency to students living in Tier-2 and Tier-3 cities.
Snatch Books Private Limited was established in 2018 by two SSCBS, Delhi
University alumni during their second year with the objective of making books
available to students across India at reasonable prices. Initially, the start-up operated
in a single college and expanded over the course of five years to cover the entire
country, reducing book costs by 80% and achieving a Compound Annual Growth Rate
(CAGR) of 115%. Snatch Books currently receives 46,000 visitors per month.
The acquisition is expected to have a significant impact on the book industry, as
Guruji Books and Snatch Books combine their resources and expertise to create a
more formidable competitor in the market. Customers can expect a wider selection
of books, affordable prices, and more personalised service.
Both companies will work closely to ensure seamless integration of operations and a
smooth transition for customers as the deal moves forward. The books industry will
be closely monitoring how Guruji Books and Snatch Books perform in the market.
Guruji Books Strengthens Position in Bookselling Industry with Acquisition of Snatch Books.
