Feb 22, 2017 at 17:28 | Source: PTI
The SoftBank-backed firm, which has been struggling to raise fresh funding, is also laying off hundreds employees and eliminating non-core projects to focus on "profitable growth".
Feb 22, 2017 at 12:26 | Source: PTI
According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).
Feb 22, 2017 at 11:51 | Source: Moneycontrol.com
In May 2016, Rajan was elevated to the post of CEO from COO of the company. He had also served as the CEO of Airtel Money in past.
Feb 17, 2017 at 14:54 | Source: Moneycontrol.com
E-commerce majors Flipkart, Amazon, and Snapdeal, among others, are trying to convince the government into removing a 2 percent tax at source that needs to be collected by these companies from sellers on their portals on the government's behalf, reports the Mint today.
Feb 16, 2017 at 08:54 | Source: PTI
Under the pact, Amplus will set up rooftop solar plants warehouses of Vulcan Express, the captive logistics unit of Snapdeal, across various locations, it said in statement.
Feb 14, 2017 at 16:50 | Source: Moneycontrol.com
In a move to cut costs, Gurgaon-based online marketplace Snapdeal has reduced travel of staff drastically.
Feb 14, 2017 at 15:18 | Source: Moneycontrol.com
Twice in last six months, SoftBank has written off its investments in Ola and Snapdeal by USD 555 million in November 2016 and USD 475 million in Februray 2017. Collectively about a billion dollars have just vanished from SoftBank's India investments thus it has suffered a notional loss than gain in book value of these firms.
Feb 13, 2017 at 14:24 | Source: PTI
The ISO 27001 is the only auditable international standard which defines the requirements for an Information Security Management System to ensure that sufficient security controls are instituted within the certified organization, Snapdeal said in a statement here.
Feb 13, 2017 at 11:48 | Source: Moneycontrol.com
A bunch of senior level executives have already exited the company including Tony Navin, senior vice president of partnerships and strategic initiatives and Abhishek Kumar, head of merger and acquisitions and investments.
Feb 11, 2017 at 15:58 | Source: Moneycontrol.com
The company had sent out an e-mail to its managers earlier this week asking them to right-size their teams, according to a report in The Economic Times.