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 ‘ 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 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.