Snapdeal

Snapdeal crosses 10,00,00,000 app downloads on Google Play

In October 2019, the monthly traffic to Snapdeal crossed 24 crore visits, claimed the company.

Nov 25, 2019

Snapdeal founders Kunal Bahl and Rohit Bansal booked for selling fake products

Kunal Bahl (CEO) and Rohit Bansal (COO) have been booked under section 420 of the Indian Penal Code (IPC) by Kota police.

Jul 26, 2019

Court bars Snapdeal from selling Casio products

As part of its anti-counterfeiting strategy and an endeavor to ensure that its customers are not cheated, Casio has been fighting unscrupulous traders in local markets in India.

Jul 12, 2019

Why is China's Alibaba looking at investing in smaller Indian companies?

Jack Ma-led giant's shift of strategy to investments in smaller verticals may help it catch up with Chinese rival Tencent

May 8, 2019

Anti-fake rules in draft e-commerce policy to help lower originals' cost

Even though online retail companies do not share data on fake products, some studies have pegged the share of counterfeit goods sold online at 20%.

Mar 1, 2019

Govt mulls national e-commerce regulator; Amazon, Flipkart set to gain

The step will ensure consumer protection and compliance with foreign investment caps for the ever-growing e-commerce sector in the country.

Jul 31, 2018

E-commerce giants, cotton industry hit by truck strike

With no end in sight for the strike, the cotton factories are on the verge of closure and vegetable prices are expected to rocket as inventory is dwindling.

Jul 27, 2018

125-year-old jeans sell for nearly $100,000

The pants, manufactured by Levi Strauss & Co., were sold by an auction house in Maine on May 15 to a buyer in Southeast Asia. Daniel Soules of the auction house said: "It's somebody who loves old Levis."

May 27, 2018

After CFO Anup Vikal, Snapdeal set to lose top executive Rajiv Mangla; CTO to leave by December 15

Mangla, who had previously worked in Adobe, joined Snapdeal in August 2015 and is known to have kept the company afloat during tough times shouldering strategic and operational responsibilities.

Oct 28, 2017

Snapdeal Saga: 1,000 employees to get pink slips after Flipkart merger called off

A senior official of the company said that the management has given verbal instructions to their department heads to prepare the list.

Aug 1, 2017

Snapdeal 2.0: Here's how the stripped-down version aims to turn profitable

Snapdeal now plans to go ahead with its 'Plan B' and pivot its company into a Taobao kind of an open marketplace set-up, Business Standard reported.

Jul 31, 2017

Snapdeal-Flipkart merger a distant dream? 30 stakeholders yet to approve deal

While Ratan Tata, BlackRock, Temasek and Foxconn have given Snapdeal in-principle approval to merge with Flipkart, about 30 stakeholders are yet to give a nod to the Rs 5,400 crore deal.

Jul 28, 2017

Wrecked Snapdeal anchors Flipkart's Rs 5,800 crore buyout offer

The board of Jasper Infotech, which runs Snapdeal, approved Flipkart's bid of Rs 5,800 crore ($900 950 million) last week.

Jul 26, 2017

Flipkart makes revised offer of about $950 million to buy Snapdeal

Flipkart's new proposal, reportedly made over the weekend, is said to be worth between $900-$950 million and is now being evaluated and discussed by the board of Snapdeal.

Jul 18, 2017

Will Snapdeal merge with Infibeam and create $2 billion firm after rejecting Flipkart's buyout bid?

While it is being said that Infibeam has even put in a term sheet and may value Snapdeal at $1 billion, the Ahmedabad-based firm has denied that it has made any bid for the online marketplace

Jul 14, 2017

Flipkart to make another buyout offer this week after Snapdeal rejected its $800 million bid

Flipkart's new offer is expected to be closer to its initial bid of $1 billion and if it goes through, the deal with Snapdeal would take about a month to be completed.

Jul 11, 2017

Paytm Mall to hire 2,000 employees in 2017 in a bid to up its e-commerce game

Apart from its plans to hire 2,000 workers, Paytm Mall has also moved about 800 employees from its digital payments platform Paytm.

Jul 10, 2017

Will Axis Bank overtake Bank of Baroda and Paytm to acquire Freecharge?

Axis Bank is currently conducting due diligence and while neither the bank nor Snapdeal has commented on it, the deal if it goes through might be worth about $100 million.

Jul 8, 2017

Snapdeal ready with Plan B after rejecting Flipkart's $700-$800 million buyout bid?

Snapdeal reportedly did not explain why it had decided to refuse Flipkart's offer, but the talks regarding the sale are said to be ongoing.

Jul 5, 2017

#BoycottSnapchat trends in India, but users are mistakenly uninstalling Snapdeal!

After Snapchat CEO called India a "poor country", offended users are mistakenly abusing and boycotting Snapdeal!

Apr 16, 2017