Fri, Nov 18, 2022
As per the sources, Nexus Select Trust has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) and is looking to hit the capital market with India's first retail REIT (Real Estate Investment Trust) public issue in the first half of 2023 calendar year.
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Fri, Aug 05, 2022
“Jify is leading an emerging wave of financial inclusivity and benefits for India. Jify creates a win-win for the Indian workforce who can better manage cash flow and savings, and for employers who can offer a critical benefit and reduce attrition," Manasi Shah, investor and vice-president, Accel said.
Tue, Jun 21, 2022
The company has now raised a total of USD 20.3 million (nearly Rs 160 crore) since its first round of funding in March 2020, it added.
Sun, Jul 30, 2017
The Board wants to get the shareholders' opinion on the proposed deal, two people aware of the developments said.
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.
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.
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.
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.
Thu, May 11, 2017
Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group.
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.
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.
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