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Companies & Markets Corporate Movement

Vikal had joined Snapdeal in October 2015 after leaving Aircel. Media reports suggest that he may join Essar Oil as its new CFO

SoftBank's Vision Fund Acquires Stake In Flipkart

Entrepreneurship Startups

The SoftBank Vision Fund has invested in Flipkart via a mix of direct capital infusion and buying out stakes from some of the firm's existing investors

SoftBank In Talks To Invest In Flipkart Through Fund, Sources Say

SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies

Snapdeal Ends $950 Million Merger Talks With Flipkart

Snapdeal has been exploring strategic options over the last several months. The company has now decided to pursue an independent path

Snapdeal Board Approves Flipkart's $900-$950 Million Takeover Offer

Shareholders of Snapdeal will now have to approve the deal, the sources told Reuters, declining to be named as the discussions are not public

Flipkart Lifts Bid For Rival Snapdeal To Up To $950 Million

The sources, who asked not to be named as the discussions are not public, said talks between the two sides are ongoing

Flipkart Could Offer $900-950 Million For Snapdeal

The new offer almost matches the initial asking price of $1 billion for acquisition of the beleaguered e-commerce marketplace, sources privy to the development said.

Snapdeal Rejects $700-$800 Million Flipkart Bid

The board of Indian online marketplace Snapdeal has rejected a bid worth $700-$800 million from Flipkart after due diligence by its bigger rival, Mint newspaper reported

Flipkart-Snapdeal Merger At Risk As Azim Premji Objects

Entrepreneurship Entrepreneurs

One of the smaller investors in Snapdeal, the family office of billionaire Azim Premji, objects to special payments to certain shareholders including its two co-founders and two early backers, according to people familiar with the discussions.

‘India Needs People Evolution, Not Tech Revolution’

Kshitiz Mohan

From sending emails to High-Tech advancements, HR technologies have come a great way, but there is a long road ahead.

Snapdeal Raises Over Rs 113 Crore From NVP, Founders

Snapdeal has raised over Rs 113 crore from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart

Flipkart Takeover May Leave Snapdeal’s Employees Richer By Rs 193 Crore

Shaurya Bhaskar

With the Flipkart and Snapdeal merger on the verge of completion, reports suggest that Snapdeal will offer its staff a $30 million (Rs 193 crore) bonanza upon the completion of the deal

Snapdeal-Flipkart Deal May Leave Staff Richer By Rs 193 Crore