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Rohit Bansal

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.

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.

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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.

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.

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 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?

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.

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million

Thu, Feb 23, 2017

Snapdeal is likely to sell its payments company FreeCharge for $300 million.

Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut

Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut

Wed, Feb 22, 2017

Snapdeal's co-founders Kunal Bahl and Rohit Bansal have taken a 100% cut in their compensation as the company realigns resources to become profitable online retailer in India in two years.

Snapdeal secures online biz further through ISO certification

Snapdeal secures online biz further through ISO certification

Mon, Feb 13, 2017

The ISO 27001 is the only auditable international standard which defines the requirements for an Information Security Management System to ensure that sufficient security controls are instituted within the certified organization, Snapdeal said in a statement here.

Snapdeal's losses widen 125% in FY16; falls to third spot

Snapdeal's losses widen 125% in FY16; falls to third spot

Wed, Jan 18, 2017

"In FY16, we invested our capital in building our capabilities across technology, logistics and seller ecosystem to support the long term growth of our business," a Snapdeal spokesperson was quoted in the report as saying.

Housing.com’s ex-CEO Jason Kothari to now join Snapdeal

Housing.com’s ex-CEO Jason Kothari to now join Snapdeal

Wed, Jan 11, 2017

Snapdeal on Wednesday announced the appointment of Housing.com’s ex-CEO Jason Kothari as its Chief Strategy & Investment Officer.

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Snapdeal starts 2nd season of 'Unbox Diwali Sale' from Oct 12

Wed, Oct 12, 2016

After finishing first season of its Diwali sale last week, Snapdeal has announced the second season of its 'Unbox Diwali Sale' starting this Wednesday. Its 'Unbox Diwali Sale' will start from October 12 and will last till October 14.

Snapdeal co-founders are seventh-highest paid executives in India

Snapdeal co-founders are seventh-highest paid executives in India

Thu, Aug 25, 2016

The information was gathered from the balance sheets of the tech unicorns in India, according to the report.

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