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
Snapdeal Chief, Top Executives Summoned To Court

Snapdeal Chief, Top Executives Summoned To Court

Apr 16,2017 , 05:42 PM IST | Business
E-commerce major Snapdeal's CEO Kunal Bahl and two others have been summoned by a Delhi court on a criminal complaint of an entrepreneur who alleged that his idea of connecting sellers and buyers through an e-platform was unauthorisedly usurped by the firm and its officials. 
Digital payments: Amazon India bags RBI licence for mobile wallet

Digital payments: Amazon India bags RBI licence for mobile wallet

Apr 14,2017 , 09:24 AM IST | Business
Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm.
Snapdeal To Dole Out Up To 15% Pay Hike Amid Sell-Off Buzz: Report

Snapdeal To Dole Out Up To 15% Pay Hike Amid Sell-Off Buzz: Report

Apr 13,2017 , 09:01 AM IST | Business
E-commerce major Snapdeal will shell out an average pay hike of 12-15 per cent as it looks to assure employees amid the online marketplace scouting for a potential buyer.
Snapdeal founders move to calm employees amid takeover speculation

Snapdeal founders move to calm employees amid takeover speculation

Apr 10,2017 , 09:40 AM IST | Business
The founders of India's Snapdeal told employees in an email on Sunday that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls.
Snapdeal looking to raise $100 million from SoftBank, other investors

Snapdeal looking to raise $100 million from SoftBank, other investors

Apr 05,2017 , 09:39 AM IST | Business
Indian online retailer Snapdeal is looking to raise just over $100 million from existing shareholders including Japan's SoftBank and new investors, its chief financial officer said.
Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Apr 04,2017 , 04:56 PM IST | Business
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
Snapdeal appoints new CEO for FreeCharge; to invest USD 20m

Snapdeal appoints new CEO for FreeCharge; to invest USD 20m

Mar 20,2017 , 06:54 PM IST | Business
E-commerce company Snapdeal today announced appointment of Jason Kothari as the Chief Executive Officer of FreeCharge, and also said it has committed to invest an additional USD 20 million in the company.
Reduced payment time to sellers by 40 per cent: Snapdeal

Reduced payment time to sellers by 40 per cent: Snapdeal

Mar 06,2017 , 08:30 PM IST | Business
E-commerce firm Snapdeal today claimed that it has reduced its seller payment cycle by 40 per cent, offering the fastest remittance schedule in the country. The statement comes amid reports that several online sellers have sought Commerce Minister Nirmala Sitharaman's intervention to get their dues from Snapdeal.
Flipkart To Hire 20-30% Employees More This Year

Flipkart To Hire 20-30% Employees More This Year

Mar 05,2017 , 02:10 PM IST | Business
E-commerce major Flipkart is looking to hire 20-30 per cent more people in 2017 compared to last year even as rival Snapdeal hands out pink slips to its employees.
Snapdeal joins Truecaller to enhance customer experience

Snapdeal joins Truecaller to enhance customer experience

Mar 03,2017 , 02:08 AM IST | Amaravati Tab
Online marketplace Snapdeal on Thursday announced its partnership with leading communication app Truecaller to enhance user experience by integrating 'Truecaller Priority' in the company's Interactive Voice Response (IVR) and order confirmation numbers.