Snapdeal ramps up its legal department: Poaches from Johnson & Johnson and FlipkartThe SoftBank backed Snapdeal has hired Prankur Chaturvedi, legal counsel at Johnson & Johnson to head its contract and compliance departmen...
23 Jul, 2019, 10.15 PM IST
Anand Piramal invests in a resurgent SnapdealSnapdeal's 2.0 strategy has allowed it to rapidly build a differentiated business, with a sharp focus on value-priced merchandise – the lar...
23 Jul, 2019, 04.42 PM IST
Snapdeal's revenue grows 73%, losses drop by 71% in FY19In the last two years, Snapdeal has sharpened its focus on the needs of the value-conscious buyers in India.
17 Jul, 2019, 08.50 AM IST
Snapdeal inches closer to acquiring ShopCluesShopClues shareholders may get 10% in the combined entity if all-stock deal goes through.
22 May, 2019, 08.19 AM IST
Snapdeal cuts losses to Rs 613 cr for FY18, confident of hitting profitsOn a consolidated basis, the Soft-Bank Group, Alibaba Group and Foxconn-backed online retailer posted a loss of Rs 613 crore in 2017-18.
07 Nov, 2018, 12.14 PM IST
Italian fashion retailer Benetton's sales dip amid competitionThe brand that until four years ago was the country's largest apparel brand, posted a 5% dip in revenue to Rs 699 crore with net loss of Rs...
21 Dec, 2017, 12.35 PM IST
SoftBank triggers consolidation in India’s nascent digital commerce marketAfter pouring over billions since 2014, Alibaba's early investor Son has not been able to pick winners in either online retail, payments or...
20 Apr, 2017, 06.01 PM IST
Paytm sniffs deal in laid-off talent from Snapdeal and Stayzilla"We are recruiting for our marketplace and the bank. So, trained and domain experts are welcome. We believe startups have great people," a ...
25 Feb, 2017, 12.41 PM IST
Softbank cuts $555 million in India portfolio value due to Yen appreciationWhile Softbank mentioned Snapdeal and Ola specifically in the write off, it did not mention other India portfolio companies like hotel book...
08 Nov, 2016, 12.00 PM IST
Croma sees a fall for the first time, feels pressure from online retailers and discountsA year ago, Reliance raced ahead of the Tata Group in the consumer electronics and cellphone retailing business to become the country’s lar...
01 Nov, 2016, 11.51 PM IST
SoftBank to back Snapdeal, Ola; open to consolidation: Alok Sama"In terms of plans, our priority is to nurture our portfolio companies," said Alok Sama, president of SoftBank, in an exclusive interview w...
20 Oct, 2016, 07.52 AM IST
Flipkart-owned Myntra pips Snapdeal and Future Group, acquires Jabong for $70 millionThe transaction caps months of seesawing talks between Global Fashion Group and Kinnevik, the owners of Jabong, and multiple Indian suitors.
27 Jul, 2016, 10.47 AM IST
Jabong sheds brands with low-margins, to focus on premium lifestyle products to trim its lossesThe company, a unit of German ecommerce incubator Rocket Internet, will now focus on top 200-300 brands, in a move to cut its losses.
23 May, 2016, 08.21 AM IST
Future Group CEO Kishore Biyani smells consolidation in ecommerce spaceBiyani said Twitter spat between ecommerce poster boys Bansal and Bahl could indicate a consolidation wave triggered by Alibaba’s imminent ...
28 Mar, 2016, 01.27 AM IST
Flipkart suffers Rs 2,000-crore wound in bruising discount warThe company expects sales to surge six fold this year, according to head of commerce Mukesh Bansal. He told ET that the company was on cour...
03 Dec, 2015, 12.36 PM IST
E-tailers race ahead, but hunt for buyers burns Rs 1,000 crore hole in Flipkart, Amazon & Snapdeal's booksOnline retailers have been aggressive about winning customers through discounts but that has led to a backlash from traditional retail.
03 Nov, 2014, 11.03 AM IST
Indian e-Commerce portals aim to hit profit way in 2 yearsIndian entrepreneurs said this latest focus on business fundamentals points to growing maturity of the local market.
23 Dec, 2013, 03.18 PM IST