Nikesh Arora's exit won't have any impact on Snapdeal: CEO Kunal Bahl

BENGALURU: To calm the jangled nerves of Snapdeal employees after Nikesh Arora's surprise exit from SoftBank, company founder and CEO Kunal Bahl has shot off an email trying to assure them that Arora's exit will not have an adverse impact on Snapdeal.

SoftBank is the largest shareholder in the online marketplace with over 30% stake.

TOI has reviewed the e-mail Bahl sent to the employees.Of all of SoftBank's India investments, Snapdeal needs the Japanese giant to be firmly in its corner if it has realistic ambitions of taking the fight to its better-funded rivals.

"While Nikesh's departure from SoftBank is a loss, I want to assure everyone that we continue to be fully supported by SoftBank, strategically and financially ," Bahl said.

"Nikesh will continue to be involved with advising us in all our key initiatives, as he has been doing over the last 18 months. Masa-san, SoftBank's founder and CEO, has assured me of SoftBank's complete support in all our initiatives," he added.