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Kunal Bahl News
Flipkart Board may have approved revised offer from Snapdeal, report says
Mon, Jul 17, 2017
Earlier, Flipkart had offered $850 million for buying Snapdeal, but got rejected as the latter found the amount undervalued the company given that the due diligence report was clean.
Flipkart to make revised offer for Snapdeal this week
Mon, Jul 10, 2017
The new offer is likely to be closer to $1 billion mark, which was the initial asking price for acquisition of beleaguered e-commerce marketplace, sources privy to the development said.
Snapdeal board rejects Flipkart's $850 million offer
Tue, Jul 04, 2017
The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.
Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns
Mon, Jun 26, 2017
The sale of Snapdeal to Flipkart is witnessing delays on account of complex due diligence process and small investors asking greater clarity on its terms of sale. However, the sale is expected to be concluded by July this year.
Snapdeal raises over Rs 113 crore from Nexus, founders
Mon, May 29, 2017
It is not clear how long the fresh financing round will help Snapdeal in continuing operations as it faces intense competition from rivals Flipkart and Amazon.
Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore
Sun, May 14, 2017
If the deal of the Snapdeal's sale to Flipkart goes through it may offer Rs 193 crore bonanza to its staff wherein the founders will give half of their payout ($30 million) for the proposed scheme which would cover all current employees of Snapdeal.
Snapdeal Sale: E-Commerce company being sold at a 50% discount?
Fri, May 12, 2017
Flipkart has made an informal offer to buy rival Snapdeal for $1 billion in an all-stock deal.
Snapdeal employees may get salary increments of over 20% this year
Mon, Apr 10, 2017
What is bigger news for Snapdeal employees is that the letter mentioned that the overall increments this year will be higher than those offered last year.
Snapdeal founders send letter to employees assuring job safety, appraisals
Sun, Apr 09, 2017
The letter to employees comes after reports of investors plans to sell Snapdeal's to Flipkart and the fate of the staff.
Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through
Sun, Apr 09, 2017
Acquisition of start-ups have been followed up with layoffs over the last few years. Will Snapdeal's 2,500 employees suffer the same fate?
Under pressure, Snapdeal woos staff with promises of profit
Tue, Apr 04, 2017
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers
Sun, Feb 26, 2017
Paytm founder and CEO Vijay Shekhar Sharma tweeted: "Hello, Tech/Product people in Delhi NCR, feeling heat of business restructuring. We welcome you @Paytm and @Paytm-Mall with open arms."
Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million
Thu, Feb 23, 2017
Snapdeal is likely to sell its payments company FreeCharge for $300 million.
Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut
Wed, Feb 22, 2017
Snapdeal's co-founders Kunal Bahl and Rohit Bansal have taken a 100% cut in their compensation as the company realigns resources to become profitable online retailer in India in two years.
Tax collection at source is an area of concern in GST for e-commerce, industry cries
Thu, Feb 09, 2017
Tax collection at source main cause for concern for e-commerce retailers. E-commerce companies are vociferously for GST. Due to TCS, close to Rs 400 crores per annum of capital will be locked into the system.
Kunal Bahl expects Snapdeal to turn profitable in next 2 years
Mon, Feb 06, 2017
Despite reporting a loss of Rs 29.6 billion ($441 million) in the financial year to March 31, 2016, the CEO expects Snapdeal to turn profitable in the next 2 years.
Snapdeal's losses widen 125% in FY16; falls to third spot
Wed, Jan 18, 2017
"In FY16, we invested our capital in building our capabilities across technology, logistics and seller ecosystem to support the long term growth of our business," a Snapdeal spokesperson was quoted in the report as saying.
Housing.com’s ex-CEO Jason Kothari to now join Snapdeal
Wed, Jan 11, 2017
Snapdeal on Wednesday announced the appointment of Housing.com’s ex-CEO Jason Kothari as its Chief Strategy & Investment Officer.
Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12
Wed, Oct 12, 2016
After finishing first season of its Diwali sale last week, Snapdeal has announced the second season of its 'Unbox Diwali Sale' starting this Wednesday. Its 'Unbox Diwali Sale' will start from October 12 and will last till October 14.
Snapdeal spends Rs 200 crore to 'unbox' itself
Mon, Sep 12, 2016
The SoftBank-backed company has pumped in over Rs 200 crore for the re-branding initiative, which will include a 360-degree marketing campaign ahead of the festive season.