Rohit Bansal

Retail

Snapdeal focuses on unit economics

Indiaretailing Bureau -
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...
Retail

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

Indiaretailing Bureau -
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...
Retail

Snapdeal increases authorised capital to Rs 15 crore

IANS -
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...
Retail

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

Indiaretailing Bureau -
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...
Retail

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

Indiaretailing Bureau -
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...
Retail

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

Indiaretailing Bureau -
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...
Retail

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

Indiaretailing Bureau -
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...
Retail

Why did the Snapdeal-Flipkart merger breakdown?

Indiaretailing Bureau -
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...
Retail

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

Indiaretailing Bureau -
Snapdeal's earliest investor Kenneth Glass has come out in support of CEO Kunal Bahl over the decision to call off merger talks with larger rival Flipkart. According to a PTI report: Glass, a former Microsoft executive, has written an email...
Retail

Snapdeal 2.0 can survive on the money made from sale of assets; eyes gross profit of Rs 150 crore

Indiaretailing Bureau -
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...
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Beauty & WellnessAnagha R Ratna -

Marie Claire Salon opens new outlet in Bengaluru

The store is situated at Mantri Square Mall, Malleshwaram, Bengaluru Bengaluru: French salon chain Marie Claire Salon has launched its new...
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