Kunal Bahl
Retail
Snapdeal 2.0 can survive on the money made from sale of assets; eyes gross profit of Rs 150 crore
Having dumped the US $950-million takeover offer from Flipkart, Snapdeal founders Kunal Bahl and Rohit Bansal said that the online market place can survive on the money made from sale of assets like Freecharge and will make a gross...
Retail
Snapdeal to cut down 80 per cent of its employee strength
E-commerce major Snapdeal on Monday revealed that it is facilitating a major layoff in the company, with an agenda to cut down 80 percent of its employee strength.
According to a ANI report: A senior official of the company told...
Retail
Time to focus on energy and passion continuing Snapdeal journey: Snapdeal's Kunal Bahl
The sale of Freecharge to Axis Bank will provide Snapdeal the "necessary boost in resources" to continue its e-commerce journey, Snapdeal CEO Kunal Bahl said.
According to a PTI report: Just hours after the deal was announced, Bahl wrote to...
Retail
Flipkart expected to offer US $900-950 million for Snapdeal
E-commerce major Flipkart is expected to make a revised offer of $900-950 million for buying rival Snapdeal, according to sources close to PTI.
According to a PTI report: The new offer almost matches the initial asking price of $1 billion...
Retail
Flipkart expected to make revised offer for Snapdeal
Flipkart is expected to make a revised offer in the next few days for buying Snapdeal, after its first proposal of US $850 million was rejected by the Board of the smaller rival.
According to a PTI report: The new...
Retail
Flipkart-Snapdeal negotiations still on but for higher offer
After Snapdeal's board reportedly rejected Flipkart's US $850 million takeover offer, the two parties are now holding parleys over the US 1$50-200 million valuation gap.
According to sources privy to the development, Flipkart had initially offered US $1 billion for...
Retail
Snapdeal raises over Rs 113 cr from Nexus Venture Partners, founders
Snapdeal has raised over Rs 113 crore from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart.
NVP pumped in Rs 96.26 crore...
Retail
No agreement on Snapdeal sale yet between SoftBank, Nexus
Japanese firm SoftBank could not manage a crucial nod from co-investor Nexus Venture Partners (NVP) for the sale of Snapdeal, possibly to Flipkart.
According to a PTI report: The board meeting of Snapdeal, where SoftBank and Nexus have representatives, did...
Retail
Snapdeal board meeting to discuss selling out to Flipkart
The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart.
Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...
Retail
Snapdeal sounds out 5 merchant bankers for 2019 IPO
Struggling e-commerce major Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019.
The third largest marketplace...
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Kidswear brand Includ raises $1.5 mn in seed funding
The funding was led by Incubate Fund Asia, with participation from Escape Velocity, Abhishek Goyal (co-founder, Tracxn), and the...
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