Oyo's Ritesh Agarwal, top execs to pool individual angel investments through Raaga Partners
Raaga would be a pooled investment vehicle for founding team at Oyo to make collective bets on select startups. The move mirrors previous efforts by India’s top entrepreneurs- including Snapdeal founders- to create separate vehicles for their personal investments.
Flipkart signs term-sheet for buying out smaller rival Snapdeal
Flipkart will quote a final price after it completes a rigorous examination o...
Impasse at Snapdeal board meeting, no decision on sale yet
The board meeting of Snapdeal, where SoftBank and Nexus have representatives, did ...
A Snapdeal board meet could end with a Flipkart deal
Primary stakeholders Snapdeal to meet today to thrash out the final details of its sale to rival ecomm firm Flipkart
Snapdeal sale: SoftBank hopes Nexus Venture to come on board
The deal, if completed, would mark the biggest acquisition in the Indian e-commerce space and change the landscape of the sector that is witnessing intense competition among players.
Snapdeal sale to Flipkart: Kalaari Capital comes on board
SoftBank has been pressing for a sale of its portfolio co at an estimated price of $1 bn, but has faced resistance from early investors Kalaari and Nexus Venture Partners.
Goldman, Credit Suisse to set terms for Flipkart's Snapdeal buy
According to sources, the final offer for sale is likely to be finalised over the coming weeks, signalling that the transaction, which will mark the biggest acquisition in Indian ecommerce and reshape the country's online retail landscape, is entering its home stretch.
Snapdeal founders summoned for usurping marketing concept
As per his complaint, Dua, an engineer and entrepreneur, founded portals marketsdelhi.com in 1999 and indianretail.net in 2005 and brought the benefits of digital technology to the retail community.
Staff well-being top priority for the founders: Snapdeal CEO Kunal Bahl
Even as SoftBank, pushes for a sale of the online marketplace, Bahl has written to staff, reiterating that their well-being continues to be top priority.
Indus OS raises funds from JSW Ventures, VenturEast
"The amount which has been raised will be used for product development and hiring new talent," Indus OS CEO & co-founder Rakesh Deshmukh told PTI.
SoftBank-backed Snapdeal's tale snaps; hands out pink slips
Company spokesperson, in a written response, denied that it was shutting some of its offices, which sources said it was considering.
Snapdeal layoff row: Will CEO Kunal Bahl’s profitability gamble succeed?
Daily shipments have dropped by half over the past month as Snapdeal restructures its operations and awaits a lifeline from primary investor SoftBank.
To save company, Snapdeal bosses try Spicejet chief’s route
Kunal Bahl and Rohit Bansal decided to forego their salaries to share the pain of the staff and lift their morale amid cost cuts and efforts to turn around co.
Snapdeal confirms layoffs, founders to take 100% pay cut; here's their letter to employees
SoftBank, Foxconn and Alibaba Group-backed company's founders, Kunal Bahl and Rohit Bansal, have pledged not to take salary, for an unspecified period.
Snapdeal to cut wage costs by over 60%
This comes on the back of rising salaries and bonuses amounting to Rs 673 crore for the financial year 2015-16, compared to Rs 217 crore a year ago.