Guruji Books, a prominent books reseller in Delhi, has acquired Snatch Books, one of India’s largest online academic books resellers. The acquisition is aimed at expanding Guruji Books’ operations and strengthening its position in the market. Both companies are expected to benefit significantly from the deal. Guruji Books, with over a decade of experience in the books industry, will have access to Snatch Books’ advanced e-commerce platform and state-of-the-art fulfilment capabilities, which will enhance its online presence and optimise its supply chain. Snatch Books, on the other hand, will gain access to Guruji Books’ vast catalogue of books, extensive distribution network, and deep industry knowledge, which will help the company reach a wider audience and increase its revenue.
The co-founders of Snatch Books, Sanjay Tolani and MD Saleem, expressed their satisfaction with the acquisition, calling it a significant milestone for their company. They 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 with the objective of making books accessible to students across India at a reasonable price. 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%. At present, Snatch Books receives monthly traffic of 46,000 visitors.
The acquisition is expected to significantly impact 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 expect 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.