The increase in volumes from smaller cities was a pan-India trend. However, cities like Nagpur, Surat, Vijayawada, Chandigarh, Panaji, Jamshedpur, Shimla and Guwahati emerged as the new e-commerce hotspots, with orders surging at least four-fold over the previous year.
The police here have registered a case against Snapdeal founders Kunal Bahl and Rohit Bansal after a local Congress leader alleged that the online shopping site sent him fake products.
Snapdeal on Tuesday said Piramal Group Executive Director Anand Piramal has made an investment in the e-commerce company.
The two players were in talks for the acquisition in an all-stock deal. The companies have engaged in such discussions in the past as well, but this is the first time that it has made it to the due diligence phase.
In the text message, the scamsters are sharing a toll-free number (1800-1020-447) and two other helpline numbers (09903400159 and 09903400209). Some customers have received different contact numbers in the message.
With flipkart's announcement of jobs, Amazon has announced 50,000 seasonal positions across the country to fulfill the increase demand during upcoming festive sale.
Snapdeal terminated merger talks with Flipkart on July 31, 2017, ostensibly to pursue an independent path.
The year is going to end and we have brought to you a list of lucrative offers and sales that are knocking at you door.
Snapdeal today announced the termination of its talks with its bigger rival Flipkart, saying that it wants to pursue an independent path
Flipkart’s plans now have to clear the hurdle of getting Snapdeal shareholders on board with the deal, including PremjiInvest which ticked off the Snapdeal board over differential payments
The board of Snapdeal, run by Jasper Infotech, will now meet to consider the offer and is most likely to accept it, one person privy to the development said
The new offer almost matches the initial asking price of $1 billion for acquisition of the beleaguered e-commerce marketplace, sources privy to the development said
Flipkart's fresh offer of $800 million for acquiring Snapdeal is significantly lower than its opening bid of $1 billion, a steep markdown from the company’s peak valuation of $6.5 billion last year
Azim Premji’s family office is opposed to differential payments which were proposed in a bid to win over larger Snapdeal investors and the founders who have agreed to a deep cut in valuation, a media report said
The issuance of shares by Flipkart’s Singapore-based holding company to the Indian shareholders of Snapdeal may be construed as breach of FEMA rules and would require special permission from the RBI
Snapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
Snapdeal, one of India’s largest online e-commerce portals, may offer a Rs 193 crore bonanza to its staff if the firm is taken over by its larger rival Flipkart.
One of the preconditions that Flipkart had set to agree to the acquisition was that Snapdeal founders Kunal Bahl and Rohit Bansal will not be involved in the merged entity in any capacity
The deal values Snapdeal at $1 billion, a steep markdown from the company’s peak of $6.5 billion last year
The Japanese firm has multi-billion investments in Indian firms, including Ola, Snapdeal and Elara Technologies, which owns PropTiger, Housing and Makaan.com
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