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Snapdeal loses yet another long-timer as Grabbon co-founder Tony Navin quits

Friday, February 10, 2017 | More »

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Tony Navin, Snapdeal’s head of partnerships and strategic initiatives and one of its oldest employees, has quit the company, a national daily reported on Thursday. Navin’s exit comes just three days after the home-grown e-commerce company’s head of corporate development Abhishek Kumar and ...

L to R: Abhishek Kumar and Sandeep Komaravelly

Snapdeal sees two more senior-level exits

Snapdeal’s head of corporate development Abhishek Kumar and senior vice president Sandeep Komaravelly have quit the home-grown e-commerce company, a financial daily reported on Tuesday. Kumar, an alumnus of Indian School of Business, had joined Jasper Infotech Pvt Ltd-owned Snapdeal in 2014 fr...

7 February, 2017 | More »

Ola

Vanguard slashes Ola’s valuation by 41%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April ...

3 February, 2017 | More »

Ola

Exclusive: Ola in the midst of top level churn

Homegrown cab-hailing operator Ola is likely to witness two top-level exits soon. According to multiple people aware of the development, Ola’s chief marketing officer (CMO) Raghuvesh Sarup and chief financial officer (CFO) Rajiv Bansal may leave the company. When Techcircle reached out to Ola ...

1 February, 2017 | More »

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Snapdeal in talks with Softbank to raise funds at lower valuation

E-commerce marketplace Snapdeal is in talks with its investor Softbank Group to raise fresh funds at a lower valuation. The e-commerce firm had raised its last funding round at a valuation of $6.5 billion, a report by Mint newspaper said on Wednesday, citing unnamed sources. Snapdeal and SoftBank ha...

25 January, 2017 | More »

Jason Kothari, strategy & investment chief, Snapdeal

Snapdeal appoints ex-Housing CEO Jason Kothari as strategy & investment chief

Online marketplace Snapdeal has appointed ex-Housing CEO Jason Kothari as its chief strategy and investment officer, according to a statement. Kothari will be joining Snapdeal on January 16. “Jason is a strong business leader and entrepreneur who has already been the CEO of two successful companie...

11 January, 2017 | More »

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PropTiger-Housing deal to be signed this week

Online property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in...

9 January, 2017 | More »

Abhimanyu Rawal

Exclusive: Ola’s head of luxury cab business quits

It turns out that Ola’s head of new initiatives Sundeep Sahni’s wasn’t the only senior-level exit from the company last week. Abhimanyu Rawal, head of Ola’s luxury cab category, also left the taxi aggregator last week and joined a US retail firm, he told TechCircle. TechCircle fi...

2 January, 2017 | More »

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Exclusive: Sundeep Sahni quits as Ola’s head of new initiatives

Cab hailing service Ola’s vice president new initiatives Sundeep Sahni has quit the company, two people with direct knowledge of the development told Techcircle. Sahni, a former MD and co-founder of Rocket Internet-incubated e-commerce marketplace Lazada Indonesia, is quitting Ola a year-and-a-hal...

29 December, 2016 | More »

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Flashback 2016: SoftBank stays on sidelines, tanks up for future

By its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet...

29 December, 2016 | More »

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