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Posts Tagged ‘ Jasper Infotech Pvt Ltd ’

FreeCharge receives $57 mn from Snapdeal

Monday, January 9, 2017 | More »

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Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has put in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) show. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has inc...

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Flashback 2016: Snapdeal struggles with FreeCharge poser, markdown by SoftBank

Snapdeal, India’s third-largest e-commerce marketplace, had to fend off stiffer competition from larger rivals Flipkart and Amazon and endure volatility on several other fronts in a year when it had few reasons to rejoice. The year, however, had started well for Snapdeal, as it received $200 milli...

27 December, 2016 | More »

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PayPal in talks to buy into FreeCharge: Report

Global online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the...

23 December, 2016 | More »

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How much stake founders Kunal Bahl, Rohit Bansal own in Snapdeal?

Snapdeal founders Rohit Bansal and Kunal Bahl together own just 6.38% of the e-commerce firm, a fourth lower than what they held in the company two years ago. CEO Bahl owns 3.94% of Snapdeal while chief operating officer Bansal holds 2.44%, according to a report by Mint on Friday, citing documents w...

2 December, 2016 | More »

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What Snapdeal CEO Kunal Bahl’s $100 mn investment plan in fashion means

Snapdeal co-founder and chief executive Kunal Bahl recently said something that took industry watchers by surprise. At an event in IIM-Calcutta on Monday Bahl said that Snapdeal would invest $100 million within a year to boost fashion retailing, emphasising the company’s focus on fashion. “In th...

17 November, 2016 | More »

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Snapdeal reorganises top management structure

Online marketplace Snapdeal, run by Jasper Infotech Pvt Ltd, has carried out a top-level reshuffle which is leading to consolidation in some of the company’s key teams such as category management, market development, and brand alliances. The development was announced in an internal email sent by S...

11 November, 2016 | More »

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Snapdeal, Ola valuation knocked down again by SoftBank

Japanese telecom and internet giant SoftBank Group Corp has once again marked down the value of its investments in its two flagship investments in India – cab-hailing app Ola and e-commerce marketplace Snapdeal, it disclosed on Monday. The firm reported a loss of ¥58.1 billion ($555 million) from...

8 November, 2016 | More »

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SoftBank will continue to back Ola, Snapdeal, says top exec Alok Sama

Japanese telecom and internet major SoftBank Corp will strongly back its investee firms Ola and Snapdeal as they take on global goliaths Uber Technologies Inc and Amazon.com Inc in a battle for larger market share and supremacy, according to a top SoftBank executive. Over the last two years, SoftBan...

20 October, 2016 | More »

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Century Textiles entangles Snapdeal and its founders in ‘Dhoti’ case

Century Textiles and Industries Ltd has filed a case against e-commerce marketplace Snapdeal, its founders Rohit Bansal and Kunal Bahl, and KK Modi Group company Modicare Ltd in the Bombay High Court for trademark infringement of one of its products. The Mumbai-based BK Birla Group company has alleg...

18 October, 2016 | More »

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Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

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