Snapdeal has called off merger talks with Flipkart after almost six months of discussions and negotiations. The latest news comes just days after it was reported that Snapdeal board has approved $900-$950 million buyout deal. If the deal with Flipkart had gone through, it would have marked as the largest acquisition in the Indian e-commerce landscape. Continue reading “Snapdeal calls off Flipkart merger”
Snapdeal has accepted Flipkart’s revised $900-950 million buyout offer, according to a latest report from Reuters. Citing two sources, Reuters stated that the board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid of $900 million-$950 million last week.
Continue reading “Snapdeal approves Flipkart’s revised $900-950 million buyout offer”
Snapdeal has rejected an initial takeover offer of $800-$900 million from rival Flipkart, according to a latest report from the Economic Times. The development comes just a few days after Flipkart completed its commercial and legal due diligence of Snapdeal.
Continue reading “Snapdeal rejects $800-$900 million offer from Flipkart”
Amid potential merger talks with Flipkart, Snapdeal has raised over Rs. 113 crores from Nexus Ventures and founders Kunal Bahl and Rohit Bansal. The latest round of emergency funding comes at a time when Flipkart has signed a binding term-sheet to acquire Snapdeal and is scheduled to undertake commercial and financial diligence in the next few days.
Continue reading “Snapdeal secures more than Rs.113 crores from Nexus Venture Partners and founders”
Snapdeal has announced the appointment of Jason Kothari as the Chief Executive Officer of FreeCharge. The company is also investing $20 million in FreeCharge.
Continue reading “Snapdeal appoints Jason Kothari as FreeCharge CEO, invests $20 million”
Snapdeal is laying off a total of 600 staff members as it continues the struggle to be profitable. According to a latest report from PTI, the e-commerce company will slash jobs across its e-commerce, logistics and payments operations over the next few days.
Continue reading “Snapdeal to lay off 600 employees as it struggles to make profit”
Snapdeal will now deliver cash at your doorstep under a new service dubbed as Cash@Home. The company says it has launched the service as a goodwill gesture which will allow people to access cash without having to queue up at their bank or at the ATMs. Snapdeal will be using the cash that it receives through Cash on Delivery (CoD) to operate this facility. Continue reading “Snapdeal will now deliver cash at your doorstep, pilots in Gurgaon and Bangalore”
Following the demonetization of Rs. 500 and Rs. 1000 notes, major e-commerce had disabled and limited Cash of Delivery orders. However, now Amazon India, Flipkart and Snapdeal have resumed Cash on Delivery orders.
Continue reading “Amazon India, Flipkart, Snapdeal resume Cash on Delivery (CoD) orders”
E-commerce companies are banking on the recent demonetization of Rs. 500 and Rs. 1000 notes. Snapdeal has now started offering instant 10 percent discount for all card transactions.
Continue reading “Snapdeal offering 10 percent instant discount for all card transactions till Nov. 10”
Snapdeal has launched Wallet on Delivery (WoD), which allow users to pay on delivery by using their FreeCharge wallet. Users can make payment for the item they have ordered after it is delivered.
Continue reading “Wallet on Delivery from Snapdeal and FreeCharge enables payment on delivery”
Prime minister Narendra Modi surprised the whole nation yesterday with a decision to scrap Rs. 500 and Rs. 1000 notes as part to create corruption-free India. As a direct consequence, all the ATMs, banks will be shut down for a day or two to make way for Rs. 100 notes till the Rs. 2000 and Rs. 500 note arrives. Continue reading “5 ways to sail through out the day cashlessly”
Xiaomi India has announced that it has sold more than 500,000 smartphones in less than three days between 1 and 3 October. The Chinese smartphone maker sold Mi and Redmi smartphones in three days of festive season sales on Amazon, Snapdeal and Flipkart.
Continue reading “Xiaomi claims to have sold over 500000 smartphones in India in 3 days”