Vani Kola resigns from Snapdeal board

E-comm firm to be soon merged with Flipkart

Vani Kola, founder of Kalaari Capital, has resigned from the board of Snapdeal. The resignation comes as the e-commerce company's largest investor, Japanese telecom and internet giant SoftBank, gears up to merge the firm with larger rival Flipkart.
 
Kola resigned on May 2, regulatory filings sourced from data firm Tofler said on Sunday.
 
Kola is among the earliest investors who, along with Nexus Venture Partners (NVP), backed the discount coupons firm in 2009 with  a $12-million investment. Kunal Bahl and Rohit Bansal, founders of Snapdeal, used the money to pivot the company into the e-commerce marketplace.
 
Since