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Posts Tagged ‘ Snapdeal ’

How SoftBank’s local portfolio firms have fared as chairman Son visits India

Friday, December 2, 2016 | More »

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Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...

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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Amazon India introduces in-house private fashion label Myx

E-commerce giant Amazon India has launched its second in-house private fashion label, ethnic wear brand for women Myx, as it looks to grow its apparel offerings. The development was reported by The Economic Times, citing Arun Sirdeshmukh, Amazon India’s fashion head. An email query to Amazon India...

1 December, 2016 | More »

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Flipkart, Amazon score closely on e-commerce rankings: RedSeer

Online e-commerce giants Amazon India and Flipkart were neck and neck in terms of ranking, with the latter a few points ahead in RedSeer Consulting’s E-tailing Leadership Index (ELI). On overall rankings for October 2016, Flipkart was placed at 97, while Amazon India came in at 94. Amazon India lo...

29 November, 2016 | More »

Housing

Exclusive: SoftBank pumps in another $5 mn in Housing even as merger talks continue

Japanese telecom and internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had...

22 November, 2016 | More »

Masayoshi-Son

SoftBank’s Masayoshi Son to visit India; big announcement on Ola expected

SoftBank Group Corp chairman and managing director Masayoshi Son is coming to India early December when the Japanese telecom and Internet conglomerate is expected to make a few high-profile announcements, said two people directly aware of the upcoming visit. SoftBank is one of the largest investors ...

21 November, 2016 | More »

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Former GoJavas CEO Ghadge quits Snapdeal’s captive logistics unit Vulcan

Vijay Ghadge, chief operating officer at Snapdeal’s in-house logistics arm Vulcan Express Pvt Ltd, has quit with immediate effect barely four months after joining the firm. Vulcan Express CEO Hardeep Singh informed the company staff via an email about Ghadge’s exit citing a personal exigency. A ...

18 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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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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Flipkart revises commission fees, launches new loyalty programme for sellers

Following Amazon India, e-commerce major Flipkart has also revised the commission fees of the sellers on its platform. It has also launched a new loyalty programme for sellers. Sellers will be rated and bracketed into three categories – gold, silver and bronze – and will be provided benefits suc...

11 November, 2016 | More »

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