Page 5 - Snapdeal

Snapdeal in talks for fresh funding, may buy smaller rival ShopClues

The Kunal Bahl-led company is in talks to buy ShopClues to show investors it has the potential to grow

Snapdeal to face prosecution for illegally selling drugs: Karnataka govt

Meanwhile, Snapdeal, in a statement, said the company would extend required cooperation to law enforcement

Infibeam, Snapdeal terminate Unicommerce deal worth Rs 1.2 billion

In May, Infibeam Avenues had announced signing a definitive share purchase agreement (SPA) with Unicommerce eSolutions and Jasper lnfotech (which runs Snapdeal) to acquire 100% stake in Unicommerce

Delhi HC restrains entities from infringing on Snapdeal's trademark

The court also directed Go Daddy.com LLC, Endurance Domain Technology LLP, Wild West Domain LLC etc, to suspend infringing domain names during the pendency of the present proceeding

Optimisation pays off for Snapdeal, losses decline 87% to Rs 6.1 bn in FY18

The company said it reduced its business promotion expense by 88 per cent year-on-year, whereas fulfilment expenses were lower by 67 per cent y-o-y

Snapdeal has $125 million with run-time of a decade, says Kunal Bahl

According to a blog written by Kunal Bahl, from near-death to generating cash, it took a lot of courage, focus and discipline to turn the ship around sharply

Snapdeal announces its 'Mega Diwali Sale', from 10-14 October

Snapdeal has tied up with SBI, HDFC Bank, Standard Chartered, IndusInd Bank and Federal Bank for exclusive offers for the shoppers

Snapdeal announces mega deals sale, offers up to 80% discount till July 22

In addition, the sale also boasts of entry-level smartphones like iVOOMi V5 and Xolo Era priced at Rs 3499 and 4499 respectively

Future Supply Chain Solutions buys Snapdeal's logistics arm for Rs 350 mn

The deal with Future Group will help Snapdeal, which is looking to shed its non-core assets in a bid to survive in the hyper-competitive e-commerce market

Snapdeal CTO Rajiv Mangla steps down

Beleaguered online marketplace Snapdeal's Chief Technical Officer Rajiv Mangla put in his papers on Friday, just a few days after Chief Financial Officer Anup Vikal exited from the company. All these developments come almost two months after Snapdeal called off its merger plans with Flipkart.Mangla has been one of the key members of the leadership team and was instrumental in keeping the company's operations together during the tumultuous last few months. In his two years at the helm of the technology function at Snapdeal, Mangla worked closely in leading both strategic and operational responsibilities, contributing significantly in building capabilities and driving innovation. "Rajiv Mangla has played a key role in devising and implementing multiple technology initiatives at Snapdeal, including helping build Snapdeal Cirrus. His ability to continually align a range of on-going projects with the evolving business needs of the organization has been invaluable for Snapdeal," Rohit ...

Unbox Diwali Sale: A festive sale at Snapdeal, even amid reboot

Company is organising festive season sales where lesser-known economical brands take precedence over their high-end counterparts

Gameplan decoded: Kunal Bahl's Snapdeal 2.0 takes another shot at survival

After snatching firm from jaws of death thrice, Bahl tries luck with new model

Survival of the fittest: Snapdeal 2.0 is about being the Taobao of India

Taobao, founded by Alibaba in 2003, does not charge transaction fees and is free for merchants

Snapdeal could dent Flipkart's fight against Amazon

SoftBank is now likely to independently pursue the nearly $2-billion investment plan in Flipkart

FreeCharge-Axis deal provides boost to Snapdeal's future, says CEO Bahl

Snapdeal has an opportunity of a lifetime which it must seize, Bahl said

Snapdeal parent firm files FIR against former GoJavas promoters

GoJavas was founded in 2013 and has clients such as Jabong, Fabfurnish, Lenskart and Healthkart

Snapdeal founders, NVP invest Rs 113 crore in parent company

> E-commerce firm Snapdeal founders Kunal Bahl, Rohit Bansal and existing investor Nexus Venture Partners have together infused Rs 113 crore into the company ahead of its potential sale to larger rival Flipkart. Both Bansal and Bahl have invested invested Rs 8.45 crore each, while Nexus Venture Partners has invested Rs 96.2 crore into Snapdeal, company said in its filings with the Registrar of Companies on Monday. It isn't clear why the investment was made or what it could mean, but was approved at an Extraordinary General Meeting of the company held on March 10. The founders along with Nexus were offered 17,410 Series J1 preference shares for their investments, said the disclosure which comes at a time when Flipkart has begun doing due diligence to acquire the firm. Softbank, the largest investor in Snapdeal, has pushed for the company's sale to Flipkart for which the latter signed a term sheet last week. The Japanese investor had written off a $1 billion in losses from Snapdeal .

Snapdeal founders pledge $30 mn of payout for staff

Value of Snapdeal shares and options has eroded and will be nil once the deal is signed

Nexus finally gives in, Snapdeal ready to merge with Flipkart

The transaction is through and an announcement could come anytime within the next 72 hours

Snapdeal founder Kunal Bahl, others summoned for usurping marketing concept

Additional Sessions Judge issued notice to Kunal Bahl, Rohit Bansal and its former CFO Vijay Ajmera