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Snapdeal dispels sale rumors, says not in talks with Flipkart, Paytm

An eminent daily reported on Wednesday that struggling e-commerce firm Snapdeal, which has over the past year more than halved its employee strength, is reportedly in talks with Flipkart and Paytm for potential sale. However, the company has firmly denied this,...

Snapdeal launches 120+ new fashion brands on its platform

India’s largest online marketplace, Snapdeal has announced a massive expansion of its fashion portfolio. With an additional 120+ fashion brands added to the platform, the expansion is in sync with the brand’s focus on building its fashion vertical. Owing to...

Snapdeal dispels job cut rumours, says overhaul an exercise in efficiency

Struggling e-commerce firm Snapdeal, which has over the past year more than halved its employee strength, is reportedly shutting its non-core businesses. However, the company has firmly denied all reports that it is laying off over 1,000 employees. When contacted,...

In cost-cutting move, Snapdeal to shut down marketplace Shopo

Snapdeal-owned marketplace Shopo will close down from February 10, after a year and a half of operations. The move comes at a time when Snapdeal is aggressively looking at optimising costs amid intense battle with Flipkart and Amazon. "We started, a...

Snapdeal's Capital Assist Program to be managed by Freecharge

Snapdeal's merchant lending program Capital Assist will now be managed by Freecharge. According to a PTI report: Under the new arrangement, sellers on Snapdeal, Shopo and Freecharge will be able to access working capital in a time efficient and cost...

Freecharge to safeguard customers' money via Escrow services

Freecharge has unveiled a buyer protection service by launching escrow facility for merchants and customers. The escrow service mitigates risk of unsuccessful shopping experiences and safeguards customers’ money by withholding funds till they receive the right product. The first merchant...

Snapdeal to monetise Shopo.in

Snapdeal has recently made an announcement to monetise Shopo, its zero-commission market place. Shopo, a marketplace for artisanal goods was acquired by Snapdeal in 2013, the e-commerce giant later re-launched it in July 2015. Shopo today has a list of...
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Avenue Supermarts shares plunge over 8%

In terms of volume, 48.77 lakh equity shares of Avenue Supermarts were traded on the NSE and 1.41 lakh...
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