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Snapdeal

Snapdeal expands value lifestyle portfolio; onboards multiple brands

Snapdeal expands value lifestyle portfolio; onboards multiple brands

Mon, Feb 26, 2024

Snapdeal said that it's new fashion lineup features brands like Jockey, Rosaline by Zivame, Varanga, House of Ramraj Cotton, John Players, Clovia, Red Tape, Janasya, Aurelia, Nauti Natti and the newly introduced Ketch

Snapdeal logs Rs 388 crore revenue in FY23, reduces losses by 45%

Snapdeal logs Rs 388 crore revenue in FY23, reduces losses by 45%

Sat, Dec 30, 2023

Snapdeal's consolidated revenue declined 31 per cent to Rs 388 crore during FY23 from Rs 563 crore in FY22.“In the ongoing October-December quarter, we are profitable on a consolidated basis,” the company said.

Govt issues notices to Amazon, Flipkart, Snapdeal for selling toys without BIS quality mark

Govt issues notices to Amazon, Flipkart, Snapdeal for selling toys without BIS quality mark

Thu, Jan 12, 2023

The consumer protection regulator has issued notices to e-commerce platforms Amazon, Flipkart and Snapdeal for allegedly selling toys without BIS quality mark.

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Axis Bank acquires Accelyst and Freecharge for Rs 385 crore

Axis Bank acquires Accelyst and Freecharge for Rs 385 crore

Thu, Jul 27, 2017

The acquisition of Freecharge and Accelyst is expected to complete within two months, Axis Bank said.

Snapdeal board approves Flipkart's $900-$950 million takeover offer, sources say

Snapdeal board approves Flipkart's $900-$950 million takeover offer, sources say

Wed, Jul 26, 2017

The board of Indian online marketplace Snapdeal accepted bigger rival Flipkart`s revised takeover offer of $900 million-$950 million last week, two sources familiar with the matter said on Wednesday.

Flipkart monthly sales higher than Amazon.in; crosses Rs 2600 crore in June

Flipkart monthly sales higher than Amazon.in; crosses Rs 2600 crore in June

Wed, Jul 26, 2017

E-commerce websites Amazon and Flipkart that keep announcing sales round the clock have reported monthly sales higher than the other players in the industry; with the latter in the lead.

Why Snapdeal continues to spend on advertising despite despite being up for sale

Why Snapdeal continues to spend on advertising despite despite being up for sale

Tue, Jul 25, 2017

Snapdeal has not taken its foot of the advertising peddle despite talks with several e-commerce companies for the sale of the company.

Flipkart lifts bid for rival Snapdeal to up to $950 million

Flipkart lifts bid for rival Snapdeal to up to $950 million

Tue, Jul 18, 2017

Indian e-commerce player Flipkart has sweetened its buyout offer for smaller rival Snapdeal to between $900 million and $950 million, two people familiar with the negotiations said, adding that the new proposal is being evaluated by the company`s board.

Flipkart Board may have approved revised offer from Snapdeal, report says

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

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

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.

Last day for pre-GST sale; here are the discounts on Myntra, Flipkart, Amazon, Snapdeal

Last day for pre-GST sale; here are the discounts on Myntra, Flipkart, Amazon, Snapdeal

Fri, Jun 30, 2017

From Myntra to Flipkart, Amazon and Snapdeal are offering their top deals and discounts on the last day of their pre-GST sale.

Snapdeal's sale to Flipkart witnesses delays on complex due diligence process, small investors concerns

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.

Six startups that tweaked their business models to stay afloat

Six startups that tweaked their business models to stay afloat

Mon, Jun 26, 2017

Startups that begin on the premonition of a budding idea have changed their business model to incorporate more into their portfolio or have revised it completely. Zeebiztells you what companies have done to stay afloat.

Flipkart reduces its offer price in deal with Snapdeal

Flipkart reduces its offer price in deal with Snapdeal

Mon, Jun 26, 2017

Flipkart reduces its offer price in deal with Snapdeal. Watch this special segment and get to know more here.

Snapdeal files police case against former heads of local logistics firm

Snapdeal files police case against former heads of local logistics firm

Sun, Jun 25, 2017

Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of 3.57 billion rupees ($55.37 million), a police report showed.

Snapdeal gets funding worth 113 crore from Nexus Ventures Partners

Snapdeal gets funding worth 113 crore from Nexus Ventures Partners

Tue, May 30, 2017

Snapdeal gets funding worth 113 crore from Nexus Ventures Partners. Watch complete news story of News @ 9:00 PM for getting the detailed updates from stock market!

Snapdeal raises over Rs 113 crore from Nexus, founders

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.

Softbank aims to close $100 billion fund for tech sector in 6 months

Softbank aims to close $100 billion fund for tech sector in 6 months

Sun, May 21, 2017

Japan's Softbank will invest $93 billion in Softbank Vision Fund that will be invested in the technology sector and it expects the total commitment in the company to reach $100 billion in six months.

E-commerce companies to levy 1% TCS on sellers; consumers to be unaffected

E-commerce companies to levy 1% TCS on sellers; consumers to be unaffected

Sat, May 20, 2017

Experts have said that the upcoming GST tax rate of 1% on e-commerce companies that they will pay to sellers is unlikely to affect online consumers.

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Paytm receives $1.4 billion investment from SoftBank in latest funding round

Thu, May 18, 2017

Paytm plans to use the investment to grow its payments ecosystem in India and expand its user base.

Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore

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?

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.

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