Tag "snapdeal"

Flipkart-Snapdeal deal reportedly needs approvals from Azim Premji, Ratan Tata

By : CIOL Writers

SoftBank, Nexus Venture Partners and Kalaari Capital- the three major investors of Snapdeal may have given a green signal for the e-commerce portal’s proposed sale to rival Flipkart, however, the agreement would still need a nod from  two of India’s

All is well that ends well- Rs 193cr bonanza for Snapdeal staffs post Flipkart deal

By : CIOL Writers

“This is the way the world ends, Not with a ‘whimper’ but a bang.” Yes, this time it’s not going to be ‘a whimper’ but a bang bonanza. While a sale of a company is never a good news for

Flipkart reportedly makes an offer of $1bn to acquire Snapdeal

By : CIOL Writers

While SoftBank and other key shareholders continue to negotiate the terms of the deal, Flipkart has in the meanwhile made an informal offer of $1 billion to buy Snapdeal in an all-stock deal, reports Livemint. Flipkart’s offer is a non-binding one and

Boycott Snapdeal, Oops Snapchat: The curious case of mistaken identity

By : CIOL Writers

Just when you thought that things cannot get worse for Indian online marketplace Snapdeal, comes a blow from a completely unexpected quarter. Snapdeal may be bargaining hard for a potential sale to rival Flipkart behind closed doors but in the virtual

Airtel beats RJio this time; launches Android powered ‘Airtel Internet TV’

By : CIOL Writers

Though, Reliance Jio is widely rumoured to roll out its own DTH services soon, along with a smart set-top-box, looks like Bharti Airtel has beaten Ambani’s company this time at least. Airtel has launched an Android-based set-top-box, which can essentially convert any standard

Snapdeal partners Andhra Govt and UC Berkeley for smart village project

By : CIOL Writers

Online marketplace, Snapdeal has announced a partnership with University of California, Berkeley and Andhra Pradesh government to enable digital access for small artisans in the state’s ‘Smart Village’ project. With the objective of discovering economical and infrastructural barriers faced by artisans

SoftBank to sell Freecharge at 50pc discount for $200mn: Report

By : CIOL Writers

SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned

SoftBank initiates truce between Snapdeal’s investors paving way for sale to Flipkart

By : CIOL Writers

Looks like Snapdeal may finally find a shore for itself soon as its three biggest investors—SoftBank Group Corp., Kalaari Capital and Nexus Venture Partners have decided to bury the hatchet, making way for a proposed sale of the e-tailer to one of its

Report: Snapdeal wooing employees promising profit & brushing off takeover rumors

By : CIOL Writers

Amidst cash crunch and investors feud, Snapdeal is finding it hard to convince employees of the ‘future profitability’ of the company. Snapdeal reportedly has conducted a series of undercover meetings with employees in past weeks, “promising profit and brushing off

Snapdeal reportedly missed on crucial funding due to investors’ feud

By : CIOL Writers

Snapdeal’s is fighting a battle of survival in the India’s competitive startup world. And with fresh reports suggesting an internal conflict between its investor, things only look bleak for the country’s homegrown e-tailer. Amidst the funding crunch that’s apparently marring the

Snapdeal snaps at fraud, saves Rs 3cr a month

NEW DELHI, INDIA: Snapdeal has been up to a range of initiatives launched at curbing fraudulent

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest

Snapdeal reportedly in talks with Flipkart, Paytm for potential sale

By : CIOL Writers

Online marketplace Snapdeal is reportedly in talks with rivals Flipkart and Paytm E-Commerce Pvt Ltd for

Snapdeal reduces vendor payment cycle by 40pc

By : CIOL Writers

Amid reports that several online sellers have sought Commerce Minister Nirmala Sitharaman’s help to get their

FreeCharge CEO Govind Rajan calls it quits, Jason Kothari to oversee business ops

By : CIOL Writers

Freecharge CEO Govind Rajan has resigned from the company, according to an Economics Times report. Rajan

Snapdeal reportedly laying off 30pc of its workforce

By : CIOL Writers

Amid the funding crunch and top-level executive exits, Snapdeal is reportedly planning to lay off 30

Another senior executive, Tony Navin quits Snapdeal after a seven-year stint

By : CIOL Writers

Barely two days after we heard about Snapdeal’s two senior executives- Abhishek Kumar and Sandeep Komaravelly

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the

Amazon to foray into India’s online grocery segment

By : CIOL Writers

To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by