The woes of the scrubbed and rebooted online marketplace Snapdeal might not end anytime soon. According to a letter accessed by Business Standard, its present and past employees have said they plan to approach the Prime...
Ecommerce
SoftBank Vision Fund in talks to invest $2 billion in Flipkart
SoftBank Vision Fund, the $100-billion fund floated by SoftBank chief Masayoshi Son to invest in technology companies, is in talks with India’s largest e-commerce marketplace, Flipkart, to invest $2 billion. Discussions...
Flipkart-eBay India merger done; sellers can now take products global
Flipkart, India’s largest e-commerce marketplace said it will begin offering the global inventory of eBay to Indian consumers while taking the products of thousands of sellers in the country to eBay’s...
There’s no deal; Snapdeal, Flipkart call off merger talks
After a long-drawn David versus Goliath style contest to retain control over one of the oldest e-commerce companies in the country, Snapdeal co-founders Kunal Bahl and Rohit Bansal have prevailed over their biggest...
Valuation to too many demands: Why Snapdeal-Flipkart merger is dragging
In the universe of Snapdeal and Flipkart everyone is hopeful, but of different things. Japanese telecom giant SoftBank and US hedge fund major Tiger Global are hopeful of merging the two e-commerce players. Snapdeal’s...
Snapdeal-Flipkart deal falling apart after six months of hard negotiations
A crucial meeting to settle the proposed merger of beleaguered online marketplace Snapdeal with market leader Flipkart, due to take place in Bengaluru over Monday and Tuesday, has been called off, said three people...
Kunal Bahl seeks to boost morale at Snapdeal after Freecharge sale
The sale of Freecharge to Axis Bank will provide Snapdeal the “necessary boost in resources” to continue its e-commerce journey, Snapdeal CEO Kunal Bahl said. Just hours after the deal was announced, Bahl wrote to...
Tata and Temasek approve merger of Snapdeal, Flipkart
Tata group Chairman Emeritus Ratan Tata, Temasek, BlackRock and Foxconn, all high-profile stakeholders of Gurgaon-based online marketplace Snapdeal, have reportedly given in-principle approval to its merger with rival...
Snapdeal to seek shareholders view before giving final nod to Flipkart
E-commerce major Snapdeal’s board will seek the views of all shareholders, including Tata group chairman emeritus Ratan Tata and Premji Invest, on the proposed merger with larger rival Flipkart. The company will share...
Will a Snapdeal-Infibeam merger be a union of unequals?
The proposed ‘Plan B’ by Snapdeal founders Kunal Bahl and Rohit Bansal to sell off the erstwhile e-commerce unicorn to Infibeam will be an interesting union of unequals. While Infibeam, the only listed e-commerce firm...
Snapdeal sale to Flipkart hits roadblock as founders want Infibeam buyout
The board of struggling online marketplace Snapdeal (Jasper Infotech Pvt. Ltd) is again divided about the company’s proposed sale, casting doubt about its future. Snapdeal co-founders Kunal Bahl and Rohit Bansal are...
Activist Jana cashes out of Whole Foods following Amazon deal
Activist investor Jana Partners LLC cashed out of its position in Whole Foods Market Inc (WFM.O), a regulatory filing showed on Wednesday, after the upscale grocer agreed to be acquired by Amazon.com Inc (AMZN.O) in a...
