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 to make 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 book costs by 80% and achieving 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. The books retail industry will closely watch how Guruji Books and Snatch Books will fare in the competitive market.