Flipkart's fresh offer of $800 million for acquiring Snapdeal is significantly lower than its opening bid of $1 billion, a steep markdown from the company’s peak valuation of $6.5 billion last year
Azim Premji’s family office is opposed to differential payments which were proposed in a bid to win over larger Snapdeal investors and the founders who have agreed to a deep cut in valuation, a media report said
The issuance of shares by Flipkart’s Singapore-based holding company to the Indian shareholders of Snapdeal may be construed as breach of FEMA rules and would require special permission from the RBI
Snapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
Snapdeal, one of India’s largest online e-commerce portals, may offer a Rs 193 crore bonanza to its staff if the firm is taken over by its larger rival Flipkart.
One of the preconditions that Flipkart had set to agree to the acquisition was that Snapdeal founders Kunal Bahl and Rohit Bansal will not be involved in the merged entity in any capacity
The deal values Snapdeal at $1 billion, a steep markdown from the company’s peak of $6.5 billion last year
The Japanese firm has multi-billion investments in Indian firms, including Ola, Snapdeal and Elara Technologies, which owns PropTiger, Housing and Makaan.com
The Japanese conglomerate is believed to be in discussions with Paytm for a funding of Rs 64,000 crore into the payments platform. The move comes at a time the company is already discussing Snapdeal’s sale to Flipkart
Call it misplaced outrage or collateral damage, Snapdeal has found itself bearing the brunt of a social media furore as people confused Kunal Bahl's e-commerce website for Snapchat
In a case of mistaken identity, many people downgraded and uninstalled the mobile application of e-commerce platform 'Snapdeal' instead of social networking app 'Snapchat' to mark their protest against certain unverified comments of Snapchat CEO.
Softbank, which holds 33 per cent in Snapdeal, pushed for the company's sale to Flipkart during a boardroom discussion, reports said
In a development that could mark the most significant consolidation in the highly competitive domestic e-commerce market, Japanese giant SoftBank is learnt to be pushing for a possible merger between Flipkart and rival Snapdeal
Kothari, who has previously served as CEO of Softbank-backed online real estate company Housing.com, will continue as Chief Strategy & Investment Officer at Snapdeal in addition to his role of CEO, FreeCharge
Online marketplace Snapdeal today announced its partnership with leading communication app Truecaller to enhance user experience by integrating 'Truecaller Priority' in the company's Interactive Voice Response (IVR) and order confirmation numbers.
The third largest e-commerce player in India, Snapdeal to lay off its staff across verticals as co-founder Kunal Bahl admitted to making mistake in growing much before it could figure out right economic model. Struggling
Indian e-commerce firm Snapdeal today announced that it has received the ISO/IEC 27001:2013 certification, entering a coveted group of e-commerce companies to have received the honour.
Domestic e-commerce giant Snapdeal on Saturday announced a two-day "Welcome 2017" sale on January 8 and 9. The sale offers up to 70% discount on clothing, mobile phones, home appliances and other electronics products. Users
In a move that could provide a bit of a breather to people facing a cash crunch post demonetisation, India’s leading online marketplace Snapdeal has now come up with a service that will enable users
Japan's SoftBank Corp has announced Rs 3,700 crore write down on its investments in India including in cab-hailing firm Ola and e-commerce company Snapdeal.
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