snapdeal Archives - nextbigwhat

SoftBank-Backed Snapdeal Weighs $400 Million Mumbai IPO

Indian e-commerce retailer Snapdeal Pvt is considering an initial public offering that could raise about $400 million, joining a growing list of startups preparing to tap capital markets as the…

Indian Startups

Court summons Snapdeal’s Kunal Bahl and 9 executives over contract violation

While there was a 60-day exit clause, they violated the contract by backing out 15 days before the event.

Indian Startups

Snapdeal: Is this a scam ?

All I am supposed to do is buy minimum Rs. 5,000/ worth of product from Snapdeal and the deal will be automatically activated.

Digital India

Snapdeal : Will fire 600 people. Founders take 100% salary cut

Snapdeal is firing 600 people and in between all this, the founders have decided to take 100% salary cut – for an unspecified period. “We believe that every resource of…

Digital India

Snapdeal launches its own cloud : Snapdeal Cirrus, built on OpenStack

The private cloud solution has been built and operationalized in under a year and is timed to handle long-term growth in traffic.

Tech

Snapdeal To Scale Down Operations In Regional Offices; Plans Job Cuts [Updated]

If the company fails to raise a fresh funding soon, the company may even shut down a few offices in the next six months.

Digital India

Leadership @Snapdeal : CPO Anand Out. Govind Rajan : Freecharge CEO. Kunal Shah : Chairman

Kunal Shah, currently the CEO of FreeCharge will now be the Chairman of the Company. Govind, joined Freecharge in August 2015 and is currently the Chief Operating Officer at FreeCharge.

Tech

Snapdeal Acquires TargetingMantra, A Predictive Marketing Technology Company

Founded by Saurabh Nangia and Rahul Singh in March 2013, TargetingMantra has offices in Palo Alto and Gurgaon.

Tech

Snapdeal Forays Into Travel Segment; Now Allows To Book Flight Tickets From The App

Snapdeal recently raised $200 million led by Canada’s Ontario Teachers’ Pension Plan at a valuation of $6.5 billion.

Tech

Delhi High Court Orders Snapdeal-owned Unicommerce Not To Use Paytm’s Data

The court also asked Unicommerce to Unicommerce to pull down its YouTube advertisement or remove Paytm’s logo from it.

Tech

Marketplace Tussle: Paytm Takes Snapdeal-Owned Unicommerce To Court For Stealing Data

Paytm declined to comment and said no statement has been given by the company so far.

Digital India

Govt. Permits 100% FDI In Only Marketplace Format Of E-Commerce

In order to attract more foreign investments, Department of Industrial Policy and Promotion on Tuesday has permitted 100 per cent Foreign Direct Investment in the market place format of e-commerce retailing. DIPP has also come out with definitions of ‘e-commerce’, ‘inventory-based model’ and ’market place model’, to bring out more clarity on which companies will be able to benefit out of the new permits.

Alibaba Approaches Tata For Indian Partnership; Will Run Parallel To It’s Investment Snapdeal And Paytm

Chinese e-commerce giants Alibaba Group is evaluating options to enter Indian e-commerce industry in 2016. Alibaba is planning to enter in to the market as a standalone entity and run parallel to its investments in existing players such as Paytm and Snapdeal.

This Kid Bought iPhone 5S For Rs 68 And Got Snapdeal To Pay A Fine As Well !

A Btech student purchased iPhone 5S for Rs 68 but Snapdeal refused to deliver.On March 26, 2015, the forum ordered Snapdeal to sell the iPhone 5S for Rs.68. Now, the ecommerce platform has been fined Rs 10,000 by the State Consumer Dispute Redressal Commission after its appeal against the order was dismissed.

Snapdeal Raises $200 Million Led By Canadian Pension Fund

Delhi based e-commerce player Snapdeal has raised $200 million led by Canada’s Ontario Teachers’ Pension Plan. Iron Pillar and other investors also participated in the funding round. The company had earlier raised $500 million from Alibaba Group, Foxconn Technology Group and existing investor Softbank Group.

Govt partners with Snapdeal for LED bulb distribution

The government wants to replace all 77 crore incandescent bulbs sold in India with LED bulbs. A tie-up with Snapdeal would help the government expand its marketing and distribution reach over 5,000 cities. The annual saving in electricity bills is estimated at Rs 40,000 crore.