Guruji Books, one of the largest and most reputable books resellers in Delhi, announced today that it had acquired Snatch Books, one of the largest online academic books resellers in India, 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, representing 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 nationwide at a reasonable price. Initially, the start-up commenced its operations in a solitary college and, over 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.
