Kothari said the digital payments space in India is forecasted to be over $1 trillion by 2025
Bahl in the past was able to successfully pivot the company twice
Snapdeal has also announced a 50 per cent cut in ad rates for most of the categories
In a letter AIOVA also urged minister to setup Trai like regulator for e-commerce firms
Online sellers asked the minister to help safeguard their money that Snapdeal holds
Mobile wallet firm Paytm has seen a significant growth in business after demonetisation
Snapdeal's leadership decided to come clean about its mistakes, reports Tech in Asia
Investors and founders will have to make tough calls, reports Tech in Asia
Snapdeal's founders told the employees - they want to make the company 'entrepreneurial'
Here are key highlights of Kunal Bahl's email to Snapdeal employees
Founders forego salary
SoftBank-backed firm has been struggling to raise fresh funding
Reduction will include employees across levels at Snapdeal
The company spokesperson said these reports are mere speculations
Over the past year, the estimate is that it has halved the employee strength
Snapdeal had earlier shut down Exclusively, which it acquired in 2015
Sandeep Komaravelly is leaving to start his own venture, reports Tech In Asia
Adds that Snapdeal's captive logistics arm Vulcan Express will turn profitable next month
Snapdeal expects to turn profitable in the next two years
As the company takes steps to cut costs & boost efficiency in a highly competitive e-commerce market