Online marketplace, which raised in excess of $1 billion last year from investors including Japan’s SoftBank Group, is eyeing up to five acquisitions in the technology space this year and is hiring specialists from Silicon Valley to reinforce its team to oversee the additions.

Snapdeal, owned by Jasper Infotech Pvt. Ltd, is in advanced discussion with two-three companies, according to Rohit Bansal, co-founder and chief operating officer.