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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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Snapdeal founders agree to $15 million each deal with SoftBank for sale to Flipkart

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.

How Snapdeal's downfall is Paytm's gain with FreeCharge

How Snapdeal's downfall is Paytm's gain with FreeCharge

Thu, May 11, 2017

While there had been speculation earlier that Paytm was looking to buy Freecharge, this latest development puts all rumours to rest.

SoftBank writes off Rs 6,400 crore from its Snapdeal investment

SoftBank writes off Rs 6,400 crore from its Snapdeal investment

Wed, May 10, 2017

SoftBank said that it has written off over $1 billion (Rs 6400 crore) on valuation of its investment in Snapdeal.

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Japan's SoftBank plans to increase stakes in India's e-commerce biz; looks to play consolidator in online shake-up

Sun, May 07, 2017

Japan's SoftBank is seeking to secure a piece of India`s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector, cited the sources with direct knowledge of the matter.

Now get Google Pixel for Rs 44000 in retail stores

Now get Google Pixel for Rs 44000 in retail stores

Fri, May 05, 2017

Google’s flagship smartphone, Pixel and Pixel XL will be available for offline purchase with Rs 13,000 cashback. Customers buying the phone via debit, credit and cash will be eligible for the cashback offer, a report by Gadgets 360 said on Friday.

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Flipkart stands to gain from the alleged FreeCharge, MobiKwik merger

Mon, Apr 24, 2017

Flipkart, which is advanced talks with Snapdeal's largest investor SoftBank for its acquisition, could stand to benefit from this deal the most.

Snapchat cross-fire: Three brand experts explain how Snapdeal should handle this PR crisis

Mon, Apr 17, 2017

A case of mistaken identity, people in India are downgrading and uninstalling mobile app of Snapdeal instead of Snapchat.

To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank

To compete with Uber, Ola raises over Rs 1,600 crore in fresh funding from SoftBank

Fri, Apr 14, 2017

Ola has raised about Rs 1,675 crore in a fresh funding round from Japan's SoftBank in order to compete with its rival taxi aggregator Uber in India.

Flipkart Vs Amazon: What's in cart for discount-seekers?

Flipkart Vs Amazon: What's in cart for discount-seekers?

Tue, Apr 11, 2017

The sale of eBay's India business to Flipkart means further consolidation in the e-commerce market and the growing dominance of the No 1 e-commerce company in India.

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Flipkart to spend $1.4 billion investment after careful cost considerations, says Binny Bansal

Tue, Apr 11, 2017

Flipkart on Monday raised $500 million from eBay as it invested in the company and sold its Indian unit to the Indian e-commerce company.

Snapdeal employees may get salary increments of over 20% this year

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 promises better salary structure to employees

Snapdeal promises better salary structure to employees

Mon, Apr 10, 2017

Snapdeal promises better salary structure to employees. Watch the full segment for more details.

Snapdeal founders send letter to employees assuring job safety, appraisals

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

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?

Amazon India sets up 7 new warehouses to cater large appliances, furniture category; to hire 1,200 people

Amazon India sets up 7 new warehouses to cater large appliances, furniture category; to hire 1,200 people

Wed, Apr 05, 2017

Amazon India said on Wednesday that it has set up seven new warehouses (Fulfilment Centres or FCs) to cater exclusively to its large appliances and furniture category that will create 1,200 new jobs.

SoftBank preps Snapdeal for sale, looks to buy Kalaari, Nexus stakes - reports

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

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.

Ankit Khanna promoted to COO of FreeCharge

Ankit Khanna promoted to COO of FreeCharge

Wed, Mar 22, 2017

Before taking charge as the COO, Ankit was the Chief Product Officer with the company.

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

SoftBank-backed Snapdeal in deal talks with rivals Flipkart, Paytm: Report

Wed, Mar 22, 2017

Softbank is expected to inject up to $50 million in bridge financing until a deal is finalised.

Snapdeal installs Jason Kothari as CEO of Freecharge; invests additional $20 million

Snapdeal installs Jason Kothari as CEO of Freecharge; invests additional $20 million

Mon, Mar 20, 2017

Kothari takes over as Freecharge CEO after its former CEO Govind Rajan resigned a year after taking charge of the company.

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