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Nexus Venture Partners News
Nexus Venture Partners
Snapdeal to send Flipkart's proposal to shareholders this week
Sun, Jul 30, 2017
The Board wants to get the shareholders' opinion on the proposed deal, two people aware of the developments said.
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'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 founders agree to $15 million each deal with SoftBank for sale to Flipkart
Thu, May 11, 2017
Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group.
SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports
Wed, Apr 05, 2017
Such a move would allow SoftBank, which owns more than a 30 percent stake in Snapdeal, to consolidate its ownership position and put it in the driver`s seat to negotiate any deal.
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.