Snapdeal
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Jasper board rejects Flipkart’s $800 m offer for Snapdeal over lower valuation
Jul 05, 2017, 12:25 PM ISTFlipkart'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
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Billionaire Azim Premji’s objection could stall much-anticipated Flipkart-Snapdeal merger
Jun 23, 2017, 05:13 PM ISTAzim 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
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Much-anticipated Flipkart-Snapdeal merger may hit FEMA roadblock. Here’s why
Jun 13, 2017, 03:42 PM ISTThe 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
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Paytm in talks to acquire Snapdeal’s payment wallet business Freecharge
Jun 01, 2017, 01:50 PM ISTSnapdeal had acquired FreeCharge in 2015 for an estimated Rs 2,400 crore in a stock-cash deal
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Snapdeal staff may be richer by Rs 193 crore if Flipkart takes over the firm
May 15, 2017, 10:58 AM ISTSnapdeal, 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.
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Snapdeal-Flipkart merger: Will founders Kunal Bahl and Rohit Bansal make a killing?
May 12, 2017, 02:23 PM ISTOne 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
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Decks cleared for Flipkart-Snapdeal merger, announcement likely in 2-3 days
May 12, 2017, 12:05 PM ISTThe deal values Snapdeal at $1 billion, a steep markdown from the company’s peak of $6.5 billion last year
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SoftBank writes off $1bn funding in Snapdeal over Rs 9K cr loss in Indian investments
May 10, 2017, 04:57 PM ISTThe 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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Paytm or Flipkart? Softbank keeps options open for Snapdeal sale
Apr 19, 2017, 11:50 AM ISTThe Japanese conglomerate is believed to be in discussions with Paytm for a funding of Rs 64,000 crore into the payments platform. The move comes at a time the company is already discussing Snapdeal’s sale to Flipkart
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Snapdeal gets hammered as outraged netizens confuse it for Snapchat
Apr 17, 2017, 11:44 AM ISTCall it misplaced outrage or collateral damage, Snapdeal has found itself bearing the brunt of a social media furore as people confused Kunal Bahl's e-commerce website for Snapchat
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Snapchat CEO faces Twitter backlash over ‘poor India’ remark
Apr 16, 2017, 11:02 PM ISTIn a case of mistaken identity, many people downgraded and uninstalled the mobile application of e-commerce platform 'Snapdeal' instead of social networking app 'Snapchat' to mark their protest against certain unverified comments of Snapchat CEO.
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Has the Snapdeal board snubbed Softbank's proposal for sale to Flipkart?
Apr 05, 2017, 12:21 PM ISTSoftbank, which holds 33 per cent in Snapdeal, pushed for the company's sale to Flipkart during a boardroom discussion, reports said
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Japan's SoftBank pushes for Snapdeal merger with Flipkart: Report
Mar 28, 2017, 11:38 AM ISTIn a development that could mark the most significant consolidation in the highly competitive domestic e-commerce market, Japanese giant SoftBank is learnt to be pushing for a possible merger between Flipkart and rival Snapdeal
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Snapdeal appoints Jason Kothari as CEO FreeCharge
Mar 20, 2017, 04:07 PM ISTKothari, who has previously served as CEO of Softbank-backed online real estate company Housing.com, will continue as Chief Strategy & Investment Officer at Snapdeal in addition to his role of CEO, FreeCharge
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Snapdeal joins hands with Truecaller to enhance customer experience
Mar 02, 2017, 05:12 PM ISTOnline marketplace Snapdeal today announced its partnership with leading communication app Truecaller to enhance user experience by integrating 'Truecaller Priority' in the company's Interactive Voice Response (IVR) and order confirmation numbers.
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Snapdeal founders admits 'mistake' in biz plan, to cut 600 jobs
Feb 22, 2017, 09:31 PM ISTThe third largest e-commerce player in India, Snapdeal to lay off its staff across verticals as co-founder Kunal Bahl admitted to making mistake in growing much before it could figure out right economic model. Struggling
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Snapdeal further secures online biz through ISO certification
Feb 13, 2017, 03:58 PM ISTIndian e-commerce firm Snapdeal today announced that it has received the ISO/IEC 27001:2013 certification, entering a coveted group of e-commerce companies to have received the honour.
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Snapdeal to offer Apple iPhone 7 at Rs 7,000 discount in 'Welcome 2017' sale
Jan 07, 2017, 10:14 PM ISTDomestic e-commerce giant Snapdeal on Saturday announced a two-day "Welcome 2017" sale on January 8 and 9. The sale offers up to 70% discount on clothing, mobile phones, home appliances and other electronics products. Users
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Snapdeal to deliver cash at your doorstep. Know how
Dec 22, 2016, 11:58 AM ISTIn a move that could provide a bit of a breather to people facing a cash crunch post demonetisation, India’s leading online marketplace Snapdeal has now come up with a service that will enable users
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Japan’s SoftBank writes down Rs 3,700 crore investments in Ola, Snapdeal
Nov 09, 2016, 04:39 PM ISTJapan's SoftBank Corp has announced Rs 3,700 crore write down on its investments in India including in cab-hailing firm Ola and e-commerce company Snapdeal.