Moneycontrol was first to report about Titan Capital's Winners Fund on April 26, its maiden capital pool from external investors
SEBI has increased scrutiny of IPO-bound companies, resulting in several instances where it has asked companies to reclassify members of promoter groups as promoters or asked investors holding concentrated bets to classify themselves as promoters.
So far, Titan Capital has only invested Snapdeal founders Kunal Bahl and Rohit Bansal's personal money through its existing Seed fund.
Sharing the hacks Rohit Bansal used during his early days as an entrepreneur, he said, "While travelling, we noticed that if my wife Parul wears her chooda and mehendi, people assumed that we are a newly-married couple and they upgrade us. So, she started...
In this episode of Reporter’s Take, Sakshi Batra gets in conversation with Priyanka Sahay to give us an exclusive on Titan Capital and future plans of both founders.
They were booked for cheating under section 420 of the Indian Penal Code after businessman Indermohan Singh Honey complained that instead of a Woodland belt and a wallet, he was delivered fakes.
SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies.
The funding round may give additional runway for the e-commerce firm for sustenance, even as it is in talks with its larger rival Flipkart for a merger
The approval of Nexus Venture Partners will be crucial for the proposed transaction to proceed, according to sources close to the development. The seven-member board of Jasper Infotech, which operates Snapdeal, includes representation from investors SoftBank, Kalaari Capital and Nexus Venture Partners (NVP), as well as co-founders Kunal Bahl and Rohit Bansal.
Bahl on Sunday confirmed in an email to employees that the investors of the company are driving the decision on the way forward, indicating that the founders had little control over immediate developments
Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
Leading cargo vendors are alleging that GoJavas has failed to pay dues ranging from Rs 50 lakh to more than Rs 2 crore over the past six months, when there was an ownership churn at the company.
According to a source privy to the developments, Snapdeal was expected to let go off about 500 employees from the overall technology team spread across Bengaluru and Gurgaon.
Senior directors, managers could lose jobs, as Snapdeal plans to reduce its monthly salary bill by about 60% to Rs 20 crore from about Rs 48 crore, people close to developments at the e-commerce firm told Moneycontrol.
In a turn of events at the beleaguered e-commerce company, the fate of employees‘ future remain unclear. Here‘s a look at Snapdeal‘s numbers
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".
Under the service, Snapdeal will offer customers free shipping, free upgrade to next-day-delivery and extended purchase protection.
Snapdeal on July 4 announced its entry into online services segment like flight and bus ticket bookings, hotel reservations and food ordering, becoming the first e commerce marketplace to introduce services
Daily Roundup: Ecommerce major Snapdeal today said it now ships over 80 per cent of the sales on its platform through its own fulfilment centres
With over 12 years of experience, Kalra joins Snapdeal after stints at Hindustan Unilever Ltd, GlaxoSmithKline Consumer Healthcare Ltd and Pepsico, Snapdeal said in a statement.
SURGE 2016 expects more than 4,000 attendees including ...
The country's e-commerce industry could grow nearly eight-fold to USD 250 billion within a decade, Kunal Bahl, the CEO and co-founder of the Indian online marketplace, told CNBC at the Converge technology conference in Hong Kong.
CNBC-TV18's Kritika Saxena caught up with Rohit Bansal, Co-Founder of Snapdeal and asked him about the mood among leaders at Silicon Valley, overall startup businesses and plans for listing.
The Mountain View-based company has a programmatic display advertising platform that leverages artificial intelligence, real-time data and other tools. Founded in 2012 by Asif Ali, the company has customers across the US, India and the UK.
The on-demand hyperlocal merchant delivery services provider launched its services in May this year and processes about 3,000 orders a day. Some 120-150 outlets are currently utilising its service for last-mile delivery in the Delhi-NCR region.