Snapdeal clocked up losses of $456.5 million in the financial year to March 31, 2016
IPO is likely to hit the market in second half of 2019
Early-stage investors said to be 'livid' over valuation at which SoftBank wants to exit Snapdeal
Snapdeal said range of initiatives launched using analytics are accruing massive cost savings
Snapdeal, however, stressed that it has no intention of selling the company
Snapdeal had launched the capital-assist programme to make credit available for sellers in 2014
Mint reported Snapdeal was in talks with Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale
Japan's Softbank Group, an investor in Snapdeal, is leading the sale talks,
Snapdeal has appointed former online real estate portal Housing.com executive Jason Kothari to the position of Chief Executive Officer of its digital payments subsidiary Freecharge, while also committing to invest a further $20 million into the firm.Kothari's appointment to the role comes a month after former Freecharge CEO Govind Rajan quit the company and amid growing concerns of Freecharge losing out to larger rival Paytm in India's fast growing digital payments space."Jason is a strong, strategic and versatile business leader & entrepreneur who has already been the CEO of two successful companies. We are delighted to announce his leadership role at FreeCharge," said Kunal Bahl, co-founder and CEO of Snapdeal, in a statement.Snapdeal hired Kothari as its Chief Strategy Officer in January, soon after Housing.com was sold to NewsCorp-backed rival PropTiger. The move was seen as an exercise by investor Softbank exerting more control over Snapdeal, which has suffered markdowns in ..
This decision comes in the wake of Snapdeal's hoping to hit profitability in next 2 years
Kothari said the digital payments space in India is forecasted to be over $1 trillion by 2025
Bahl in the past was able to successfully pivot the company twice
Snapdeal has also announced a 50 per cent cut in ad rates for most of the categories
In a letter AIOVA also urged minister to setup Trai like regulator for e-commerce firms
Online sellers asked the minister to help safeguard their money that Snapdeal holds
Mobile wallet firm Paytm has seen a significant growth in business after demonetisation
Snapdeal's leadership decided to come clean about its mistakes, reports Tech in Asia
Investors and founders will have to make tough calls, reports Tech in Asia
Snapdeal's founders told the employees - they want to make the company 'entrepreneurial'
Here are key highlights of Kunal Bahl's email to Snapdeal employees