Home > Archive by tag 'Kunal Bahl'

Posts Tagged ‘ Kunal Bahl ’

Stayzilla’s Vasupal files bail plea; startup world rallies behind him

Thursday, March 16, 2017 | More »

Jai-arrest_ThinkstockPhotos-1
Chennai-based homestay aggregator Stayzilla’s co-founder and chief executive Yogendra Vasupal, who was arrested on charges of defrauding a vendor, has filed for bail before Chennai’s Special Metropolitan Magistrate. Vasupal is currently at Chennai’s Puzhal Central Prison. Vasupal was arres...

Kunal-Behl-Snapdeal_fe

911—The number that spooked Snapdeal

On Wednesday, Snapdeal founders Kunal Bahl and Rohit Bansal said they will not take salaries for an undisclosed period as the company struggles to survive. Well, that makes financial and ethical sense. It’s ethically right because it takes a large heart to admit mistakes and share the pain of empl...

24 February, 2017 | More »

Snapdeal_by-Junaid2

Snapdeal layoffs: In the works for months, but kept out of employees’ sight

For employees of India’s third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly. The tension is palpable, with the HR calling everyone for a one-on-one session, a meeting that will decide whether they are headed towards the exit door or will mana...

23 February, 2017 | More »

Govind Rajan

FreeCharge CEO Govind Rajan quits

FreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user-focussed innovati...

22 February, 2017 | More »

Snapdeal-founders-Kunal-Bahl-&-Rohit-Bansal_fe

Snapdeal to lay off 600; founders forego salary

Jasper Infotech Pvt. Ltd, which runs Snapdeal, has decided to lay off 500-600 employees across the e-commerce marketplace and its subsidiaries, mobile wallet Freecharge and logistics wing Vulcan Express, a person aware of the development told Techcircle. The person added that the process of lay-offs...

22 February, 2017 | More »

Snapdeal's cost cutting continues, disbands SD Instant team

Snapdeal continues cost cutting, disbands SD Instant team

After reports of Snapdeal laying off nearly 30% of its staff, co-founders Kunal Bahl and Rohit Bansal have sent out an e-mail to the e-commerce firm’s employees stating that the company has to take tough decisions in order to become profitable, a report in a national daily stated. Snapdeal has...

13 February, 2017 | More »

Snapdeal_by-Junaid2

Snapdeal to lay off 30% of its workforce

E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, plans to lay off almost 1,000 employees, which comprises 30% of its workforce, as it looks to reduce mounting losses, a financial daily reported on Saturday citing four people aware of the development. About 5,000 contract and 3,000 on-...

11 February, 2017 | More »

Snapdeal_by-Junaid2

Will Snapdeal really turn profitable in next two years?

Snapdeal co-founder Kunal Bahl has said that the e-commerce firm is looking to turn profitable in the next two years and that it doesn’t need to raise funds unless it decides to make an acquisition. “I see a relatively clear line of sight to (profit) and we’ve been making great progress in...

6 February, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Kavin Mittal gets 24-fold hike in FY16

Kavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annu...

20 January, 2017 | More »

Snapdeal-by-Shah-Junaid_A

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 »

Page 1 of 512345