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Rohit Bansal

 E-commerce enabler Unicommerce inducts industry leaders to its board

The expansion of Unicommerce's board is poised to augment its leadership, reach and  institutionalise its governance structureNew Delhi: Gurugram-based e-commerce enablement software as a service (SaaS) platform Unicommerce has appointed five industry leaders to its board, a release by the...

Inside Snapdeal 2.0: Unboxing the former e-comm star’s comeback plan

Himanshu Chakrawarti, CEO of Snapdeal, reveals how the e-commerce platform is quietly working on fulfilling the value lifestyle aspirations of 64% of Indians residing in Bharat, in its new avatar. But will its latest pivot work, is the million-dollar...

Snapdeal focuses on unit economics

Unit economics, an euphemism for profit, has taken front seat for e-commerce major Snapdeal in its new, leaner avatar, founders of the company said on Tuesday. According to a PTI report: The Delhi-headquartered company was in close competition with south-based...

Snapdeal trims losses to Rs 613 cr for FY18, exudes confidence on hitting profits

E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents.According to a PTI report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss...

Snapdeal increases authorised capital to Rs 15 crore

Jasper Infotech-owned leading e-tailer Snapdeal increased authorised capital from initial capital of Rs 10 lakh to Rs 15 crore by issuing an additional 8.82-crore shares of Re 1 face value, said business intelligence platform Paper.vc on Monday."The company's second...

Infibeam to buy Snapdeal’s Unicommerce in Rs 120 crore deal

Ahmedabad-based Infibeam said it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore.“Under the agreement, Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up...

Snapdeal posts Rs 4,647 crore net loss in 2016-17

E-commerce firm Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for 'impairment of goodwill' of Rs 1,797 crore.According to regulatory filing to the corporate affairs ministry by Jasper...

Top level exodus continues at Snapdeal; two more senior executives resign

Amid severe administrative turmoil, two more senior executives submitted their resignation from e-commerce player Snapdeal, expressing their displeasure with the top management. According to a PTI report: Rahul Ganjoo, Vice President, Programme Management and Arvind Heda, Vice President, Technology (Data...

Nexus Venture supports Snapdeal's decision of not accepting Flipkart's offer

Nexus Venture Partners (NVP), an early investor in Snapdeal, has come out in support of the e-commerce firm's decision to pursue 'Snapdeal 2.0' instead of accepting rival Flipkart's US $900-950 million acquisition offer. According to a PTI report: NVP is...

Why did the Snapdeal-Flipkart merger breakdown?

Both Kunal Bahl and Rohit Bansal put together have only 6.5 per cent of stake at Snapdeal. In spite of getting two back to back offers from Flipkart of US $800 million and US $950 million, plus having Softbank...
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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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