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Kunal Bahl

Post demonetization, Freecharge wallet growing 12 times a day

Within the first 24 hours of the announcement of demonetization, the wallet loads of Snapdeal-owned mobile transactions platform Freecharge grew 12 times and has been increasing by the same average since then. "Within the first 24 hours, wallet loads grew...

Snapdeal's COD business marginally hit by demonetization

In the wake of demonetization of high-value currency notes, online retailer Snapdeal has recorded a 'marginal dip' in its cash-on-delivery (COD) mode of payments, a top company official said on Monday. The online retailer will also invest US$100 million in...

Note Ban: E-commerce firms accept digital money after order delivery

E-commerce firms like Snapdeal are now allowing customers to pay for orders using digital payment options instead of cash when the packages are delivered to them. According to a PTI report: Unlike previously where digital payment options were available only...

Mobile wallet companies laud PM's decision, expect spike in digital payments

While the common man is in a state of shock following Prime Minister Narendra Modi’s revolutionary move to demonetize Rs 500 and Rs 1,000 notes in his fight against black money, mobile wallet companies including Paytm, Mobikwik, Freecharge have lauded...

Biyani cries consolidation as Flipkart, Snapdeal fight on Twitter

The founders of Flipkart and Snapdeal - the two largest Indian e-commerce retailers - took their online rivalry onto the social media space. The trigger - Chinese e-commerce major Alibaba's entry into India. On Friday evening, Flipkart's Sachin Bansal tweeted:...

Indian craft beer brand Bira91 raises USD6 mn in Series A funding

Craft beer company B9 Beverages recently announced that it has raised USD 6 million in Series A funding from Sequoia Capital and other marquee investors for its handcrafted beer brand Bira91 (the number stands for India’s country code). Other investors...

Snapdeal-owned Shopo gathers 1 mn listings in three months

Shopo, a zero-commission, mobile app based marketplace launched by Snapdeal in July this year, has achieved one million active product listings in just three months. "Our vision is to create life changing experiences for 1 million small businesses by 2017,"...

Snapdeal appoints Anup Vikal as Chief Financial Officer

Snapdeal.com, has named Anup Vikal as its new chief financial officer, the New Delhi-headquartered company announced on Tuesday. Prior to his latest appointment, Vikal served as the chief financial officer of mobile network operator Aircel. "We are very excited to have...

Snapdeal goes Omni-Channel in partnership with leading retailers, brands

At a time when going omni-channel is talk of the town and most physical retailers are piloting robust omni-channel strategies, online marketplace Snapdeal has announced the launch of its omni-channel platform. Snapdeal’s omni channel platform, called Janus, has tied up...

PepperTap raises USD 36 mn in Series B funding, additional USD 20 mn expected

On-demand hyperlocal grocery delivery service PepperTap has closed a Series B funding round of USD36 million. The latest funding round was led by Snapdeal along with existing investors Sequoia India and SAIF Partners, the company said. The funding also saw...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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