From Ola to Housing.com to Flipkart, several startups have found themselves hogging the limelight for controversies and spats involving founders.
Soumyadip Chatterjee, director, brand marketing, Snapdeal: 80% of Snapdeal's transactions are coming from tier II cities and towns.
COVID-19: A day before he tested positive, Snapdeal founder Kunal Bahl had tweeted on the spread of the Omicron variant of the virus in the third wave of the pandemic.
Offers from over 20 companies are expected in the January-March quarter, apart from LIC’s IPO, estimated at Rs 70,000-Rs 1,00,000 crore
The development comes after India subjected Chinese investments to extra scrutiny last year after their soldiers clashed on the border and New Delhi worried about investors from the neighbour doing opportunistic takeovers during the pandemic.
Moneycontrol summarises key takeaways from Snapdeal's Draft Red Herring Prospectus
The proceeds of the public issue will be used towards growth initiatives, expanding logistics capabilities and enhancing the company’s technology infrastructure
Softbank, along with seven stakeholders, will participate in the OFS for partial exits but none of the two founders will dilute any stake
The IPO will see Softbank, Snapdeal’s lead investor, reduce its shareholding from 34 percent to 24 percent.
Kunal Bahl said Snapdeal happens to be a brand that is not in the urban sub-consciousness.
Snapdeal recently made an offline foray with plans to set up partner stores across the country. The first Snapdeal partner store will be launched in January
The first Snapdeal partner store will be launched in January. The company plans to gradually expand the number to around 25 by the end of the next year.
The notices were issued on November 18 to Flipkart, Amazon, Snapdeal, Shopclues and PaytmMall, and the sellers.
Founded by Kunal Bahl in 2010, Snapdeal hopes the new appointment on the board will enable it to focus on ESG.
Anand Chandrasekaran was the executive vice-president (product management) at Five9. Earlier, he was a director at Facebook and the chief product officer at Snapdeal.
In addition, Snapdeal also has a host of other benefits for new parents, including two weeks of paternity leave and 12 weeks of adoption leave as part of its ''Parenting Partners Program'', a statement said.
The company which is targeting a $400 million IPO at a valuation of $2-2.5 billion has also appointed Bank of America besides Axis Bank and JM Financial for the public listing.
Snapdeal is reportedly in talks with advisers about a potential listing that could value the company at $2.5 billion.
The growth has been led predominantly by kitchenware and home improvement category products, according to the company.
Sanjeevani was first launched to help the employees of Snapdeal find possible donors, but the e-commerce platform has now opened this for everyone.
Since mid-February, packaged foods have witnessed a spike of up to 80%, frozen foods up to 500% and packaged milk and milk products 150%, according to a Grofers spokesperson; demand for preventive care supplies such as masks and sanitisers shoot up
The virtual meeting, which will be held at noon, will discuss changes required in the rules governing FDI in e-commerce in India
Union Budget 2021: The government will launch a portal that will collect information on gig and construction workers.
India’s retail market is pegged to be around $785 billion, according to Technopak, of which some $220 billion is in the non-food retail category. Of this, Snapdeal believes that the non-branded retail space is around $163 billion.
Adding new sellers will help the e-tailer to ramp up its Diwali sales plans as direct shipment to buyers help manufacturers move stocks faster to customers.