Complexity of deal derailed Flipkart-Snapdeal talks: Sources
While Snapdeal had stated that it would follow an independent path and was therefore, terminating all strategic talks, sources had said differences in valuation and terms of the deal had led to the fallout after five months of negotiations.
Aug 11, 2017, 19:28 PM IST
SoftBank bolsters Flipkart's firepower to challenge Amazon in India
The deal comes just 10 days after SoftBank`s attempts to forge a deal between Flipkart and smaller rival Snapdeal - and thwart Amazon`s ambitions in India - fell apart following months of negotiations.
Aug 10, 2017, 20:38 PM IST
Snapdeal exit saga continues as two more senior executives resign
Rahul Ganjoo, Vice President, Programme Management and Arvind Heda, Vice President, Technology (Data Platform) resigned, according to sources.
Aug 04, 2017, 18:49 PM IST
'Snapdeal 2.0' could leave company with 500-600 staffers
Snapdeal will trim its operations and over the next 2-3 months, the workforce could be pared to about 500-600 people, two people familiar with the company's plans said.
Aug 02, 2017, 20:14 PM IST
Snapdeal undergoing major layoff, to slash 80% workforce
While the remaining employees are backing the Flipkart-Snapdeal merger, in an attempt to save their jobs, the frontrunners on the verge of losing power have decided to dissolve the same.
Jul 31, 2017, 16:20 PM IST
Talks for Snapdeal acquisition by Flipkart hit a roadblock
The founders (Kunal Bahl and Rohit Bansal) and shareholders have not yet agreed on the terms of the deal as the former are pushing aggressively for continuing operations as an independent entity, one of the sources said.
Jul 31, 2017, 12:35 PM IST
Snapdeal to send Flipkart's proposal to shareholders this week
Snapdeal is likely to send Flipkart's USD 900-950 million buyout proposal to its shareholders this week to seek their views on the plan, according to sources.
Jul 30, 2017, 13:51 PM IST
Time to focus on continuing Snapdeal journey: Kunal Bahl
The alternate plan, as per reports, is to trim Snapdeal further and continue operations on a lighter scale.
Jul 28, 2017, 14:27 PM IST
Axis Bank acquires payments wallet Freecharge for Rs 385 crore
Acquiring Freecharge's business would give Axis Bank access to about 52 million mobile wallet holders of Freecharge as well as about 150 to 200 professionals.
Jul 27, 2017, 13:46 PM IST
Axis Bank likely to acquire Freecharge for Rs 350-400 crore; announcement likely today
Snapdeal is also looking at selling its e-commerce business and has been engaged in discussions with larger rival Flipkart for the past few months.
Jul 27, 2017, 09:13 AM IST
Snapdeal board approves Flipkart's fresh takeover offer bid; to seek shareholders view
Shareholders of Snapdeal will now have to approve the deal.
Jul 26, 2017, 12:44 PM IST
Flipkart revises Snapdeal buyout offer to $900-950 million
In case the Snapdeal board accepts the new offer from Flipkart, the two parties will negotiate a sale and purchase agreement (SPA).
Jul 18, 2017, 10:19 AM IST
Patanjali, Reliance Jio among India's top 10 most influential brands
Home grown Patanjali and Mukesh Ambani's controlled Reliance Jio have bagged the fourth and ninth position, respectively, Ipsos said in its report of most influential brands.
Jul 14, 2017, 20:37 PM IST
Flipkart could offer $900-950 million for Snapdeal
The new offer almost matches the initial asking price of USD 1 billion for acquisition of the beleaguered e-commerce marketplace, sources privy to the development said.
Jul 12, 2017, 22:57 PM IST
Flipkart to make revised offer for Snapdeal this week
One of the leading contenders in the Indian e-tailing segment, Snapdeal has seen its fortunes failing amid strong competition from Amazon and Flipkart.
Jul 10, 2017, 18:22 PM IST
Flipkart-Snapdeal deal: Negotiations on for higher offer
After Snapdeal's board reportedly rejected Flipkart's USD 850 million takeover offer, the two parties are now holding parleys over the USD 150-200 million valuation gap.
Jul 05, 2017, 18:03 PM IST
Snapdeal board rejects $850 million offer from Flipkart
The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.
Jul 04, 2017, 20:43 PM IST
Credit Suisse reaches out to Snapdeal's minority shareholders
The beleaguered firm has a number of investors including PremjiInvest, Ontario Teachers' Pension Plan, Ratan Tata, Foxconn, Temasek and BlackRock among others.
Jun 23, 2017, 18:17 PM IST
Snapdeal crosses 50-million-mark on Google Play Store
Online marketplace Snapdeal on Tuesday announced that it has crossed 50 million downloads on the Google Play Store.
May 30, 2017, 16:57 PM IST
SoftBank opens up wallet for Paytm; infuses Rs 9,000 crore
Japanese conglomerate SoftBank has pumped in USD 1.4 billion (over Rs 9,079 crore) in Indian digital payments platform, Paytm, marking the largest fund infusion by a single investor in an Indian start-up.
May 18, 2017, 19:36 PM IST
