Snapdeal
Snapdeal reported on the verge of being sold to Flipkart
06 Apr 2017
Most reports say that the country's third-largest online shopping platform Snapdeal would be sold to Flipkart, but Paytm's name has also come up as a potential buyer – in any case the valuation is likely to be a fraction of what it was last year
Amid boardroom battle, SoftBank yanks Snapdeal fund offer
03 Apr 2017
Japanese investor SoftBank has abruptly rescinded $150-200 million debt financing it had offered to Snapdeal owner Jasper Infotech, escalating a boardroom battle involving new and old investors
SoftBank brokering merger of Snapdeal, Flipkart: report
28 Mar 2017
The Japanese telecom and internet group is likely to invest up to $1.5 billion in the merged entity by picking up primary and secondary shares, giving it around 15-per cent stake in the Flipkart-Snapdeal combine
Snapdeal axes 600; co-founders Bahl, Bansal take 100% pay cut
23 Feb 2017
Snapdeal co-founders Kunal Bahl and Rohit Bansal admitted in an email to employees that they had started growing too fast and diversifying too much, and added they would now look for the right mix
Snapdeal to cut 30% jobs as fund sources dry up
11 Feb 2017
The move is expected to affect about 1,000 employees directly employed in the company’s ecommerce marketplace while thousands of contract workers in the logistics division are also expected to be let off
Snapdeal losses mount 150% to Rs3,316 cr in FY16
18 Jan 2017
