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

Snapdeal trims losses to Rs 613 cr for FY18, exudes confidence...

E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents.According...
Snapdeal increases authorised capital to Rs 15 crore

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

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

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

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

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...
Why did Snapdeal-Flipkart merger breakdown?

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...
Snapdeal's first investor Kenneth Glass supports Kunal Bahl's merger call off decision

Snapdeal’s first investor Kenneth Glass supports Kunal Bahl’s merger call off...

Snapdeal's earliest investor Kenneth Glass has come out in support of CEO Kunal Bahl over the decision to call...
Snapdeal 2.0 can survive on the money made from sale of assets; eyes gross profit of Rs 150 crore

Snapdeal 2.0 can survive on the money made from sale of...

Having dumped the US $950-million takeover offer from Flipkart, Snapdeal founders Kunal Bahl and Rohit Bansal said that the...
Snapdeal to cut down 80 per cent of its employee strength

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...