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SNAPDEAL FIRING
Healthtech is the next big opportunity in India - Kunal Bahl"People often say hire fast, fire faster but that is not the right culture to follow because people have families, parents, or their other ...- Snapdeal likely to file draft IPO papers soonSnapdeal, once a challenger to Flipkart and Amazon India, is looking to raise around Rs 1,250 crore through primary share sale while the pu...
- Snapdeal FY 2017 losses widen by 75%, hurt by impairment charges; revenue also plungesAccording to regulatory filing to the corporate affairs ministry by Jasper Infotech, which runs Snapdeal, had registered a net loss of Rs 3...
- Employees get the unkindest cut in Snapdeal 2.0 rebootMany employees are being asked to leave without notice on 1 month's salary and a month's severance package, as opposed to 3 mths severance ...
- Snapdeal files FIR against former GoJavas promoters with EOW alleging cheating, conspiracyThis comes at a time when Flipkart is conducting due diligence on Snapdeal for a possible acquisition which will also bring in investment f...
- Pigeon Express in talks to buy out Snapdeal stake in GoJavasSnapdeal had invested Rs 250 crore in two tranches to acquire 42% stake in Gojavas, which was acquired by Pigeon Express in August last yea...
- India's bleeding startups stare at a harsh summer, hands out pink slips to hundredsWhile the trouble at Snapdeal has grabbed attention, others such as Craftsvilla, YepMe and Tolexo are among the startups that have fired st...
- SoftBank-backed Snapdeal's tale snaps; hands out pink slipsCompany spokesperson, in a written response, denied that it was shutting some of its offices, which sources said it was considering.
- Snapdeal tightens belt, plans to fire 30% staff in 2 monthsIn February 2016, Snapdeal had put over 200 employees on a Performance Improvement Program and eventually let go of the additional staff.
- Snapdeal is not ready to sell its GoJavas stakeGoJavas, which began life as an arm of fashion retailer Jabong and was spun off as an independent company in 2013, is co-owned by Snapdeal.
- SoftBank's probe gives clean chit to Nikesh Arora; I trust him: Masayoshi SonThe letter called on the board to dismiss Nikesh Arora, questioning his track record and qualifications as President and heir apparent to M...
- 200 Snapdeal employees head for exit after notice from companyStaffers said that even though Snapdeal had been asking people to leave since April 2015, this was the first time it was doing so before pe...
- No role to play in comments made by Aamir Khan in his personal capacity: Snapdeal"We will continue towards our mission of creating one million successful online entrepreneurs in India,” the blog further said.
- Snapdeal to hire 500 amid layoffsWe are looking at people with experience in FMCG, technology and telecom sectors," said Saurabh Nigam, VP, human resources, at Snapdeal.
- ET Awards 2015: Snapdeal cofounder Kunal Bahl wins Entrepreneur of the Year awardOne juror said Bahl had demonstrated remarkable maturity, got top talent for the company and raised money at a valuation of $5.5 billion fr...
- Alibaba and SoftBank hold talks with merchant bankers to discuss potential investment opportunitiesAlibaba and SoftBank are in the middle of discussions to ensure that they walk in lockstep as they go about trying to secure a slice of Ind...
- SoftBank buys $627 million stake in online retailer SnapdealSnapdeal will use the investments in expanding its chain of fulfilment centres and make acquisitions specifically in the area of mobile tec...
- Spice launches Firefox OS powered smartphone at Rs 2,229The Spice device features dual SIM (2G + 2G) capability and is powered by a 1 Ghz Spreadtrum processor. It features 1.3MP rear camera.
- India’s biggest online retailer Flipkart sets a new benchmark, raises $1 billion in fresh fundsHalf of the amount will come from Tiger Global, Russian billionaire Yuri Milner's DST and Accel Partners while rest will come from several ...
- Lessons for e-bay: How Kunal Bahl plans to make Snapdeal a $1-bn companyWhile company after company used the over-the-top pomp of Sin City to launch a slew of products, Bahl’s attention lay elsewhere.
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