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Posts Tagged ‘ Kunal Bahl ’

Snapdeal continues cost cutting, disbands SD Instant team

Monday, February 13, 2017 | More »

Snapdeal's cost cutting continues, 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...

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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 »

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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 »

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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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On-demand delivery startup ShadowFax raises $10 mn

Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will help Shadowfax build its network, consolidate its market position ...

25 December, 2016 | More »

Kunal Bahl and Rohit Bansal

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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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

Kunal_Bahl

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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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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