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Snapdeal readies platform for GST onset, works with sellers to ensure smooth transition

Snapdeal's technology setups are getting ready for the upcoming initiation of the GST regime. Given that as a marketplace Snapdeal engages sellers end-to-end – from product listings, to delivery, to return logistics – the onset of GST necessitates an overhaul...

Snapdeal HR Head Saurabh Nigam quits

Beleaguered online retailer Snapdeal continues to lose members from top leadership, the latest to join the list being its Human Resources Head Saurabh Nigam. According to a PTI report: Nigam's exit comes amid talks of a potential sale of the...

Snapdeal raises over Rs 113 cr from Nexus Venture Partners, founders

Snapdeal has raised over Rs 113 crore from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart. NVP pumped in Rs 96.26 crore...

Who won the sale wars – Flipkart, Amazon or Snapdeal?

Gone are the days when sale period was restricted to just two seasons. Nowadays, e-commerce players are running round-the-year sales to grab the biggest piece of the revenue pie, rope in more brands and lure consumers into their web...

No outstandings towards sellers, says Snapdeal

Responding to recent media reports in this regard, Snapdeal has clarified that no amounts are outstanding towards sellers. The company said that payments to sellers are made 6-10 times per month and typically sellers receive their payments within 3-5...

Snapdeal’s Grand Unbox Sale registers phenomenal success

Snapdeal, India’s largest online marketplace, has received a phenomenal response to its Grand Unbox sale, running from May 14-16. The trends shared by the company reveal a 4x jump in sales by the end of the three day period. The...

Vani Kola quits Snapdeal board

Managing Director, Kalaari Capital, Vani Kola has resigned from the board of troubled online marketplace Snapdeal, amid talks to sell the company to larger rival Flipkart. According to the letter of resignation, addressed to the company’s board, dated May 2,...

Flipkart buy may give Snapdeal staff Rs 193 crore bonanza

Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival...

Snapdeal announces Unbox Dhamaka Sale

Before its own possible sale to rival Flipkart, e-commerce firm Snapdeal has announced its 'Unbox Dhamaka Sale' offering customers huge discounts and attractive deals. According to PTI report: In its two-day mega sale on May 11-12, Snapdeal will offer up...

SoftBank secures crucial nod from Nexus for sale of Snapdeal to Flipkart

Japan's SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, sources told PTI. According to a PTI report: SoftBank -- the largest shareholder in Snapdeal -- had...
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