Kunal Bahl
Retail
Homegrown e-commerce players form group
IANS -
Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government besides working with other stakeholders.Fynd, Shop 101,...
Retail
Snapdeal, Shopclues support Feb 1 deadline for e-commerce FDI rules
Smaller e-commerce players like Snapdeal and ShopClues have written to the Government opposing any move to extend the February 1, deadline for online marketplaces to comply with FDI rules, and urged that pressure for such relaxations need to be...
Retail Hub
New norms to ensure balanced growth of e-commerce: Snapdeal
IANS -
The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for both sellers and buyers, said leading e-tailer Snapdeal on Thursday."The update to the FDI policy on e-commerce will ensure...
Retail
Snapdeal trims losses to Rs 613 cr for FY18, exudes confidence on hitting profits
E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents.According to a PTI report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss...
Retail
Snapdeal increases authorised capital to Rs 15 crore
IANS -
Jasper Infotech-owned leading e-tailer Snapdeal increased authorised capital from initial capital of Rs 10 lakh to Rs 15 crore by issuing an additional 8.82-crore shares of Re 1 face value, said business intelligence platform Paper.vc on Monday."The company's second...
Retail
Infibeam to buy Snapdeal’s Unicommerce in Rs 120 crore deal
Ahmedabad-based Infibeam said it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore.“Under the agreement, Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up...
Retail
Snapdeal posts Rs 4,647 crore net loss in 2016-17
E-commerce firm Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for 'impairment of goodwill' of Rs 1,797 crore.According to regulatory filing to the corporate affairs ministry by Jasper...
Retail
Top level exodus continues at Snapdeal; two more senior executives resign
Amid severe administrative turmoil, two more senior executives submitted their resignation from e-commerce player Snapdeal, expressing their displeasure with the top management.
According to a PTI report: Rahul Ganjoo, Vice President, Programme Management and Arvind Heda, Vice President, Technology (Data...
Retail
Nexus Venture supports Snapdeal's decision of not accepting Flipkart's offer
Nexus Venture Partners (NVP), an early investor in Snapdeal, has come out in support of the e-commerce firm's decision to pursue 'Snapdeal 2.0' instead of accepting rival Flipkart's US $900-950 million acquisition offer.
According to a PTI report: NVP is...
Retail
Why did the Snapdeal-Flipkart merger breakdown?
Both Kunal Bahl and Rohit Bansal put together have only 6.5 per cent of stake at Snapdeal. In spite of getting two back to back offers from Flipkart of US $800 million and US $950 million, plus having Softbank...
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Raymond posts 63% drop in Q2 profit to Rs 59 cr
Total income rose to Rs 1,100.70 crore during the July-September period of this fiscal from Rs 512.35 crore in...
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