Latest on SnapDeal — - The Indian Panorama

Sprinklr has appointed Indian American executive Amitabh Misra as Chief Technology Officer (CTO), effective April 1

Indian American executive Amitabh Misra will lead Sprinklr as chief technology officer

Apr 5, 2024 - 1:21 am EDT @theindpanorama 0

NEW YORK (TIP): Sprinklr, a New York-headquartered leading enterprise software company for all customer-facing functions, has appointed Indian American executive Amitabh Misra as Chief Technology Officer (CTO), effective April 1. Misra will lead all R&D […]

SOFTBANK PUTS $2.5 BN INTO FLIPKART’S WALLET

Aug 15, 2017 - 8:47 am EDT @theindpanorama 0

NEW DELHI (TIP): Flipkart has raised an estimated $2.5 billion from SoftBank Vision Fund, making the fund created by Japanese conglomerate SoftBank one of the biggest shareholders of India’s largest ecommerce player. “This is the biggest ever private investment in an Indian […]

AXIS BANK BUYS SNAPDEAL’S FREECHARGE FOR RS 385 CRORE

Jul 29, 2017 - 8:40 am EDT @theindpanorama 0

Deal dynamics ? The sale price is huge markdown for Snapdeal, which acquired payment wallet FreeCharge for $400 m in 2015 ? The deal will help the third largest private sector lender to double the customer base and address the digitally savvy people ? FreeCharge clocked revenues of Rs 80 […]

FLIPKART COULD OFFER $900 to 950 MILLION FOR SNAPDEAL

Jul 18, 2017 - 10:38 am EDT @theindpanorama 0

NEW DELHI (TIP): E-commerce major Flipkart is expected to make a revised offer of USD 900-950 million for buying rival Snapdeal, according to sources. The new offer almost matches the initial asking price of USD 1 billion for […]

PAYTM GETS RS 9,079 CRORE IN ITS WALLET FROM SOFTBANK

May 20, 2017 - 7:02 am EDT @theindpanorama 0

TO INTRODUCE NEW FINANCIAL PRODUCTS ? The funding will help Paytm expand its soon-to-be launched payments bank operations as well as grow its user base and introduce more financial products for consumers ? SoftBank has committed investments […]

SNAPDEAL SEARCHES FOR FUNDS, TAKEOVER SPECULATION GROWS

Mar 31, 2017 - 4:04 am EDT @theindpanorama 0

HONK KONG/MUMBAI (TIP): Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct […]

Amazon commits $3 billion more for India

Jun 11, 2016 - 7:24 am EDT @theindpanorama 0

BENGALURU/MUMBAI (TIP): As the Seattle-based e-commerce juggernaut Amazon closes in on the pole position of the Indian e-commerce market, its founder & CEO Jeff Bezos has announced that his company will pump in an additional$3 […]

‘Life Mantras’ by Sahara’s Jailed Boss Subrata Roy tops in Nielsen BookScan

Mar 6, 2016 - 9:31 pm EST @theindpanorama 0

NEW DELHI: ‘Life Mantras’ a book by Sahara Group chief Subrata Roy has topped the non-fiction category of Nielsen BookScan. According to Nielsen best-seller list, the recently unveiled book brought out by Rupa Publication, has topped the non-fiction book […]

FOREIGN FIRMS RUSH TO INDIA’S ONLINE MARKETPLACE

Feb 8, 2016 - 1:45 pm EST @theindpanorama 0

NEW DELHI (TIP): India‘s booming online marketplace business has attracted a new wave of merchants and sellers from countries such as China, South Korea, Japan, Singapore and the US. In fact, thousands of sellers are […]

NESTLE EYES DOUBLE DIGIT GROWTH FOR MAGGI NOODLES

Jan 2, 2016 - 3:04 pm EST @theindpanorama 0

BAI: In the aftermath of the Maggi crisis, Nestle India is aggressively trying to increase the consumption of its flagship instant noodles brand eying double digit growth, a top company executive said. It is also […]

Flipkart posts over Rs 2,000-crore loss in discount war & Big Billion Day Sale

Dec 4, 2015 - 6:16 pm EST @theindpanorama 0

MUMBAI: Flipkart posted a loss of about Rs 2,000 crore in the year ended March 2015, amounting to a fifth of its rapidly rising sales, as the country’s largest online retailer spent heavily to fund […]

Snapdeal launches new mobile marketplace Shopo

Jul 17, 2015 - 7:09 am EDT @theindpanorama 0

NEW DELHI (TIP): E-commerce major Snapdeal today re-launched Shopo, a mobile-based open marketplace which will allow small businesses to list their products without paying any commission. Snapdeal had acquired Shopo in mid-2013 for an undisclosed amount. […]

It’s Flipkart, Snapdeal vs Amazon, eBay

May 15, 2015 - 3:22 pm EDT @theindpanorama 1

NEW DELHI (TIP): The government on Thursday began consultations on FDI in B2C e-commerce amid a sharp divide between Indian and foreign players. While domestic companies such as FLIPKART and Snapdeal opposed FDI during a meeting […]

Indian tech start-ups woo talent back from America – Offer massive perks

May 1, 2015 - 4:30 pm EDT @theindpanorama 0

India‘s IT industry has long been seen as a back-office backwater, even by its own engineers who started moving abroad in their droves in the 1970s. After losing top engineering talent for years to America’s […]

OLA RAISES $400M, LED BY DST GLOBAL

Apr 17, 2015 - 3:33 pm EDT @theindpanorama 0

MUMBAI (TIP): In one of the largest financing rounds for an Indian internet startup, taxi-hailing service Ola said it has raised $400 million – or around Rs 2,500 crore – led by Russian tech billionaire […]

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