Tag: Snapdeal

Flipkart makes revised offer to buy rival Snapdeal

Flipkart makes revised offer to buy rival Snapdeal

Leading e-commerce Company, Flipkart is believed to have sent a revised offer of $900-950 million that is approximately (Rs 5,466 crore) to buy a smaller rival, Snapdeal. The Bengaluru-based firm has offered to pay the said amount for buying troubled e-retailer Snapdeal’s online marketplace and Unicommerce, two people privy to the[Read More…]

Paytm registers 600% growth in UPI transactions in 6 months

Paytm signs deal to acquire FreeCharge

Paytm is ready to buy rival digital payment platform FreeCharge as it has signed a non-exclusive term sheet to acquire it. It is set to buy this Snapdeal-owned company, in what is expected to be an all-cash deal. According to people who are closely associated with the developments, Paytm will[Read More…]

Snapdeal increases authorised capital from Rs 10 lakh to Rs 15 crore

Snapdeal in talks for a potential sale

Indian e-commerce company Snapdeal after having struggled to raised funds is in talks with Paytm-E-Commerce and Flipkart India for a potential sale as per LiveMint reports. However, the talks are still in its initial stages, Japan’s SoftBank which has invested roughly $900 million of the $2 billion or so raised by Snapdeal,[Read More…]

Snapdeal increases authorised capital from Rs 10 lakh to Rs 15 crore

Snapdeal to lay off 600 employees

Snapdeal Indian e-commerce company based in New Delhi will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days, reports say. According to reports, the company has already started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics)[Read More…]

Online platforms capture 38% smartphone sales in India, Flipkart leads

Flipkart, Amazon, Snapdeal gear up for mega war

As festive season of October is nearing e-commerce big wigs like Amazon India, Flipkart and Snapdeal are gearing up for their flagship annual sale.  Amazon India has announced that it would run its sale season from October 1 to 5 while Flipkart and Snapdeal will have launch their sales from[Read More…]

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