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Vani Kola quits Snapdeal board

Managing Director, Kalaari Capital, Vani Kola has resigned from the board of troubled online marketplace Snapdeal, amid talks to sell the company to larger rival Flipkart. According to the letter of resignation, addressed to the company’s board, dated May 2,...

Flipkart buy may give Snapdeal staff Rs 193 crore bonanza

Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival...

Snapdeal announces Unbox Dhamaka Sale

Before its own possible sale to rival Flipkart, e-commerce firm Snapdeal has announced its 'Unbox Dhamaka Sale' offering customers huge discounts and attractive deals. According to PTI report: In its two-day mega sale on May 11-12, Snapdeal will offer up...

SoftBank secures crucial nod from Nexus for sale of Snapdeal to Flipkart

Japan's SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, sources told PTI. According to a PTI report: SoftBank -- the largest shareholder in Snapdeal -- had...

SoftBank recognises $1.4 bn losses from Snapdeal, Ola in India in 2016-17

Japanese conglomerate SoftBank Group Corp (SBG) on Wednesday recognised losses of $1.4 billion in 2016-17 from its India investments -- Snapdeal and Ola. "SBG recorded loss from financial instruments of 160,419 million Japanese Yen ($1.4 billion) in its consolidated financial...

Softbank closer to bringing Nexus on board for Snapdeal sale

Japan's SoftBank is believed to have moved a step closer to securing the consent of co- investor Nexus Venture Partners (NVP) for selling Snapdeal to India's largest e-commerce firm Flipkart. A meeting was held on Wednesday and the impasse over...

Gritstones ropes in Amit Sadh as their new brand face

With its inception for about 5 years now, Gritstones has been creating an ensemble in the world of men’s fashion. With customers support and positive acclamation, Gritstones have been touching heights with its abundance presence in the online shopping...

Snapdeal’s mobile app gets an upgrade; to offer a more personalized and enriching consumer experience

Snapdeal, India’s largest online marketplace, has added new features on their Android app. The revamp has been done to add more personalized content and product recommendations; making the consumer’s experience faster and more relevant, in line with their past...

No agreement on Snapdeal sale yet between SoftBank, Nexus

Japanese firm SoftBank could not manage a crucial nod from co-investor Nexus Venture Partners (NVP) for the sale of Snapdeal, possibly to Flipkart. According to a PTI report: The board meeting of Snapdeal, where SoftBank and Nexus have representatives, did...

Snapdeal board meeting to discuss selling out to Flipkart

The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...
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