Snapdeal founders sold shares worth Rs 80 crores each in 2015.

Snapdeal’s founders Kunal Bahl and Rohit Bansal sold 11,462 shares to Ontario Teachers’ Pension Plan, raising Rs 160 crores in a transaction in late 2015, as per RoC filing.

In 20151-16, Snapdeal recorded a loss of R3,315 crore in 2015-16, against revenues of Rs1,506.8 crore (source).
Given the massive layoffs last month, founders have now announced that they won’t take salary from the company for now.
Aside : Take a look at India’s richest billionaires.

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals