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Budget 2020: Startups welcome delayed ESOPs, experts say decision to help will lend greater flexibility

Budget 2020: Startups welcome delayed ESOPs, experts say decision to help will lend greater flexibility

Sat, Feb 01, 2020

Budget 2020: One of the biggest announcements from Finance Minister Nirmala Sitharaman in Union Budget 2020 came in the form of five-year tax holiday on employees' stock ownership plan (ESOPs) for start-ups, a move that has been welcomed by both startups themselves as well as experts.

2020 plans revealed! Snapdeal plans to add another 5000 manufacturer-sellers

2020 plans revealed! Snapdeal plans to add another 5000 manufacturer-sellers

Fri, Jan 10, 2020

In a major development, e-commerce marketplace Snapdeal has revealed that it plans to add another 5000 manufacturer-sellers on its platform this year.

Snapdeal expands reach, serves 26,000 pin codes across all 28 states in India now

Snapdeal expands reach, serves 26,000 pin codes across all 28 states in India now

Fri, Dec 06, 2019

Snapdeal has expanded its network to cover small towns in key markets like Uttar Pradesh, Maharashtra, West Bengal, Karnataka, Gujarat, Rajasthan, Kerala, Tamil Nadu, Madhya Pradesh, etc. It now also covers more pin codes in lower density markets like Uttarakhand, Sikkim, Arunachal Pradesh, Goa, Nagaland, etc.

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Snapdeal eyes over Rs 100 cr revenue from ad platform

Snapdeal eyes over Rs 100 cr revenue from ad platform

Tue, Mar 14, 2017

"As more and more sellers come on the platform, ad revenue will be a growing contributor to Snapdeal's profitability goal," it said.

Sellers cry out to Nirmala Sitharama on Snapdeal's missing stock, discrepancies in shipping

Sellers cry out to Nirmala Sitharama on Snapdeal's missing stock, discrepancies in shipping

Mon, Mar 06, 2017

In a second letter to the Minister of Commerce and Industry Nirmala Sitharaman, the All India Online Vendors Association (AIOVA) has complained about issues with e-commerce major Snapdeal. A total of nine complaints were made by 14 sellers in Hyderabad.

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Snapdeal launches GST Guru program to enlighten online sellers on new tax structure; to provide accounting, taxation advice

Tue, Feb 28, 2017

Snapdeal has launched GST Guru program to provide expert advice to its online sellers on the upcoming tax structure GST.

Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers

Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers

Sun, Feb 26, 2017

Paytm founder and CEO Vijay Shekhar Sharma tweeted: "Hello, Tech/Product people in Delhi NCR, feeling heat of business restructuring. We welcome you @Paytm and @Paytm-Mall with open arms."

How Freecharge got left behind in the digital payments race

How Freecharge got left behind in the digital payments race

Fri, Feb 24, 2017

Freecharge that was just behind Paytm before demonetisation, but failed to capitalise on the opportunity quickly.

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.

Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding

Flipkart in discussions with Microsoft, Tencent Holdings, eBay, others to raise $1.5 billion funding

Wed, Feb 22, 2017

Flipkart is in talks with Microsoft, Tencent Holdings, eBay and PayPal Holdings to raise $1.5 billion at a valuation of $10-12 billion.

Snapdeal to lay off 600 people over next few days

Snapdeal to lay off 600 people over next few days

Wed, Feb 22, 2017

A Snapdeal spokesperson said: "On our journey towards becoming India's first profitable e-commerce company in two years, it is important that we continue to drive efficiency across all parts of our business, which enables us to pass on the value to our consumers and sellers."

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Freecharge CEO Govind Rajan resigns a year after working in Snapdeal subsidiary

Wed, Feb 22, 2017

The resignation comes after news of Snapdeal facing problems with raising their next round of funding.

49 e-commerce cos including Amazon India, Flipkart report over Rs 16,000 crore in losses; BookMyShow, Jabong, Olx India book profit

49 e-commerce cos including Amazon India, Flipkart report over Rs 16,000 crore in losses; BookMyShow, Jabong, Olx India book profit

Tue, Feb 21, 2017

About 49 e-commerce companies in india have recorded over Rs 16,000 crore losses for the year to March 2015 on account of slowing economic growth, demonetisation, others.

Amazon plans to open first physical food-only outlets in India; to sell local products on offline & online platforms

Thu, Feb 16, 2017

Amazon is planning to open first physical food-only oultets in India to sell locally produced food items on offline as well as online platforms.

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.

Tax collection at source is an area of concern in GST for e-commerce, industry cries

Tax collection at source is an area of concern in GST for e-commerce, industry cries

Thu, Feb 09, 2017

Tax collection at source main cause for concern for e-commerce retailers. E-commerce companies are vociferously for GST. Due to TCS, close to Rs 400 crores per annum of capital will be locked into the system.

Snapdeal to close consumer-to-consumer selling portal Shopo on February 10

Snapdeal to close consumer-to-consumer selling portal Shopo on February 10

Thu, Feb 09, 2017

Snapdeal will shut its consumer-to-consumer selling portal Shopo on February 10 this year.

SoftBank loses $350 million on Indian investments including Ola, Snapdeal

SoftBank loses $350 million on Indian investments including Ola, Snapdeal

Thu, Feb 09, 2017

Japan's multinational telecom and internet firm SoftBank has reported $350 million loss on its investments in India including its investments in Ola and Snapdeal.

Kunal Bahl expects Snapdeal to turn profitable in next 2 years

Kunal Bahl expects Snapdeal to turn profitable in next 2 years

Mon, Feb 06, 2017

Despite reporting a loss of Rs 29.6 billion ($441 million) in the financial year to March 31, 2016, the CEO expects Snapdeal to turn profitable in the next 2 years.

Amazon seeks government's nod for e-retail of food products in India

Amazon seeks government's nod for e-retail of food products in India

Fri, Feb 03, 2017

The US-based e-commerce company Amazon has sought Goverment of India's nod for online retailing of food products produced and manufactured in India.

Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank

Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank

Wed, Jan 25, 2017

Online e-commerce company Snapdeal is in talks with SoftBank to raise fresh funds at lower valuation.

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.

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