Flipkart Lifts Bid For Rival Snapdeal To Up To $950 Million: Report

Flipkart Lifts Bid For Rival Snapdeal To Up To $950 Million: Report

Jul 18,2017 , 12:30 PM IST | Business
Flipkart, Snapdeal and its main backers were not immediately reachable for comment.
Snapdeal Board Rejects $850 Million Offer From Flipkart: Report

Snapdeal Board Rejects $850 Million Offer From Flipkart: Report

Jul 05,2017 , 08:28 AM IST | Business
Snapdeal's board is believed to have rejected a takeover offer of $800-850 million (around Rs. 5,500 crore) from larger e-commerce rival Flipkart.
Snapdeal Files Police Case Against Former Heads Of Logistics Firm Quickdel

Snapdeal Files Police Case Against Former Heads Of Logistics Firm Quickdel

Jun 25,2017 , 08:26 AM IST | Business
Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of Rs. 3.57 billion, a police report showed.
Snapdeal crosses 50-million-mark on Google Play

Snapdeal crosses 50-million-mark on Google Play

Jun 01,2017 , 12:29 AM IST | Hyderabad Tab
Snapdeal has crossed 50 million downloads on the Google Play Store. "Achieving the milestone figure of 50 million downloads is a sure sign that more and more users are seeing value in the experience we provide," said Rajiv Mangla, Chief Technology Officer.
Snapdeal-Flipkart Deal May Leave Staff Richer By Rs. 193 Crore: Report

Snapdeal-Flipkart Deal May Leave Staff Richer By Rs. 193 Crore: Report

May 14,2017 , 04:06 PM IST | Business
Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs. 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival Flipkart.
Potential Flipkart-Snapdeal Merger Gets Nod From Reluctant Investor

Potential Flipkart-Snapdeal Merger Gets Nod From Reluctant Investor

May 12,2017 , 08:31 AM IST | Business
Japan's SoftBank has finally secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, sources said. Snapdeal was valued at $6.5 billion in its last funding round in February 2016. The valuation, however, has shrunk since then and the potential deal could see the embattled e-commerce firm being valued at about $1 billio