Snapdeal staff may approach PMO to stop FreeCharge sale

Bahl's plan of Rs 150-cr gross profit of Snapdeal 2.0 in 12 months is misleading, says employees

The woes of the scrubbed and rebooted online marketplace Snapdeal might not end anytime soon. According to a letter accessed by Business Standard, its present and past employees have said they plan to approach the Prime Minister’s Office (PMO) soon in the hope of stopping the sale of the company’s mobile wallet FreeCharge to Axis Bank.
 
Holding the co-founders, Kunal Bahl and Rohit Bansal, responsible for the downfall of the company, the employees said that the Snapdeal 2.0 plan was enforced even after employees indicated that they wanted the promoters to sell the firm to Flipkart.
 
In the letter, the employees alleged that Bahl’s plan of Rs 150-crore gross profit of Snapdeal 2.0 in the next 12 months is misleading. A Snapdeal spokesperson said: “The company cannot comment on unsubstantiated allegations made by unidentified sources. The board has made no decision with regard to the team composition for Snapdeal 2.0”.