Snapdeal Ends Merger Talks With Flipkart; To Go Solo

Snapdeal called off the USD 950 million-takeover (over Rs 6,000 crore) by Flipkart, apparently over differences in valuation and terms of what could possibly have been the largest deal in the Indian e-commerce space.

Will Snapdeal Turn Lucky In Its 2nd Avatar?

As Snapdeal vacates its number three position in the Indian e-commerce market to embark on a new independent path inspired by Chinese marketplace Taobao, will founders Kunal Bahl and Rohit Bansal turn lucky with its second avatar?

India’s Snapdeal Calls Off Sale Talks With Rival Flipkart

Snapdeal, the struggling Indian ecommerce company, has called off talks on a sale to rival Flipkart that had been pushed by SoftBank, its biggest shareholder. The company, which has been steadily losing market share to Flipkart and Amazon’s Indian subsidiary, said that it would seek to reinvent itself under a strategy that it dubbed “Snapdeal 2.0”.

如果 Flipkart 和 Snapdeal 合并失败,将对印度电商市场带来什么影响?

当时间来到现在,这两家过去针锋相对的公司正在酝酿印度电子商务行业里规模最大的并购交易。

不过最近,有消息称虽然 Flipkart 已经完成了尽职调查,但双方交易还是遇到了一些障碍,因为 Snapdeal 公司董事会已经拒绝了 7-8 亿美元的收购报价。

Axis Bank buys FreeCharge for USD 60 Million

Snapdeal is finally selling off FreeCharge, its mobile transactions platform, to private sector Axis Bank. The bank said in a communication to the Bombay Stock Exchange that it has entered into a share purchase agreement with Jasper Infotech Private Ltd, Snapdeal parent, to acquire 100 percent equity in FreeCharge for a consideration of Rs 385 crore.

Flipkart Aims To Bag Snapdeal For $400M

Flipkart’s acquisition of Snapdeal could come through in July, at a valuation that is much less than had been initially envisaged. While Snapdeal is gunning for $1 billion from Flipkart, the latter is only willing to pay $350-400 million.

Why Flipkart Needs More Than SoftBank To Take On Amazon

Online retailer Flipkart Online Services Pvt. is said to be close to a merger with smaller rival Snapdeal as it looks to fend off Amazon.com Inc. Yet, that may not be enough in a battle with the deep-pocketed American giant that has caught up with the homegrown rival.

Snapdeal Pay Hike: Face-Saving Gimmick Or Bid To Retain Talent?

Jasper Infotech Pvt. Ltd, which runs online marketplace Snapdeal, is reportedly giving out pay hikes of up to 15% to its employees even as talks of its merger with India’s biggest e-commerce company Flipkart are fast progressing.

India’s E-Commerce Groups Urge To Stop Alibaba

A decade after allowing Amazon to start what would become India’s largest online marketplace, Flipkart co-founder Sachin Bansal appealed for government protection against his former employer.

How Start-Ups Die Plop!

Start-ups, the playfield of the young and the restless, have had a hard reality check.

The Metric That Indian Startups Once Swore By Is Now Being Blamed For All The Sector’s Ills

Till a few years ago, profitability received the step-child treatment from Indian e-commerce entrepreneurs.

Here’s The Scary Truth: Almost Every Major Indian Startup Has Made The Same Mistakes As Snapdeal

India’s bustling startup ecosystem is in a state of hysteria as e-commerce major Snapdeal implodes.

Are Job Cuts At Snapdeal A Precursor To Its Merger With Alibaba And Paytm?

If Snapdeal follows the rule of the game, the company would deny any kind of merger talks with rival Paytm, or with investor Alibaba, unless a deal is concluded, at least verbally.

India’s 3rd Biggest E-Commerce Firm Snapdeal Is Cutting 600 Jobs, And There Could Be More To Come

The e-commerce industry in India has received another blow. On Wednesday, India’s third biggest e-commerce firm Snapdeal announced that it will be laying off employees. Though the company refrained from giving out exact numbers of people to be given the pink slip, industry insiders expect it to be in the range of 400 to 600.

Tony Navin Quits Snapdeal In A Series Of Top-Level Exits

Top-level exits continue at Snapdeal, India’s third largest e-commerce company, as Tony Navin, head of partnerships and strategic investments, decided to move on after a seven-year stint. Navin’s exit comes in quick succession of two other bigwigs — Abhishek Kumar and Sandeep Komaravelly — exiting the company.

Flipkart, Amazon, Snapdeal Losses Could Have Paid For Printing Notes After Demonetisation

Funded by foreign investors and parent companies, India’s leading e-commerce firms — Flipkart, Amazon and Snapdeal — have increased its losses by 51% in just one year to Rs 11,754 crore, to fund growth and dole out discounts to gain marketshare.

Losses of Flipkart, Amazon & Snapdeal would have allowed ISRO to go to Mars 24 times

At Rs 11, 754 crore, the combine losses of ecommerce majors Flipkart, Amazon and Snapdeal is almost equal to the annual budget of the Indian Space Research Organisation (ISRO).

投资无回报?印度多个电商平台面临亏损问题

据美国石英网12月27日报道,亚洲第三大经济体印度的电子商务零售商正努力弥补企业亏损。

据报道,在投资者投入百万资金后期待回报之际,Flipkart、亚马逊等电商企业采取积极投放广告和打折促销的方式来吸引消费者。但截止2016年3月31日的年度财务报告显示,许多在线零售商虽然收入大幅增长,但是亏损也在增加。

Funds Dried Up And Valuations Fell: The Year That Was For Startups

The biggest change for technology startups came on November 8, when the government announced its decision to ban currency notes of Rs 500 and 1,000. Suddenly technology became a large driver for commerce. While retail sales in pockets dropped up to 50%, sales for e-tailers fell 20%. It was also a year of large cultural shifts – more number of buyers shopped online than ever before, and demonetisation added to the drive.

The New Era Of Startups

The startup ecosystem has become a hot topic for all and sundry. They have taken off and matured because of various factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning demand within the domestic market has led to the emergence of startups.

For All Their Stellar Sales Figures, India’s E-commerce Firms Are Also Struggling With Mounting Losses

E-tailers in Asia’s third-largest economy are in fix.

With investors demanding results after pouring in millions worth of funding, companies such as Flipkart and Amazon have resorted to aggressive advertising and discounting to attract customers. But while that has paid off in terms of sales, with many online retailers seeing huge jumps in revenue for the financial year that ended on March 31, 2016, losses have mounted.

Impact Of Flipkart’s Devaluation On Indian Startups: Insights By Greyhound Research On CNBC TV18

SoftBank Group Writes Down $555 Million In Ola, Snapdeal Investments

Japan’s SoftBank Group Corp. has written down as much as 58.1 billion yen ($555 million) in two of its biggest investments in India, cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company said.

印度迎来十月节日大促,各大电商却无法烧钱打折?

往年的节日大促中,印度电商狂打“价格战”,商品价格甚至低至1卢布。今年,资本寒冬和政策变动让印度电商的日子不太好过,玩好十月开始的大促季显得困难重重。
作者 | 路遥
印度的销售旺季一般从10月拉开帷幕,到排灯节(每年10月或11月中)左右达到最高峰。往年,印度电商都会用巨额折扣吸引消费者,但今年三月印度出台的电商新政禁止电商打折促销,扰乱市场价格。

What will Indian E-Commerce Companies Do To Win This Festive Season?

On October 2, leading Indian e-commerce companies will kickstart their annual festive season sales. The three months starting October are crucial for both offline and online retailers in India as they account for some 40% of the annual consumer durables and electronics sales in the country.

Leading Indian e-commerce companies began preparations for this year’s sale months in advance.

Snapdeal将采取自营模式 追赶Flipkart和亚马逊

核心提示: 印度电商巨头Snapdeal将采取自营模式,由母公司Jasper Infotech Pvt旗下的子公司E-Agility Solutions Pvt负责这一自营模式。该举措与Snapdeal现在作为第三方电商平台的策略大为不同。此外,近日通过部署10万个核的OpenStack,Snapdeal获得成本降低、性能提升的好处。

Snapdeal Turns Into Your Shopping Assistant To Survive E-commerce Battle

In order to break away from the herd of e-commerce players who fight on discounts, faster delivery and selection, Snapdeal wants to be your shopping assistant.

Snapdeal Whips Up Excitement: Will This Festival Season Be A Game Changer For E-Comm?

The e-commerce discount wars for the festive season will begin soon. Snapdeal has geared up for it with a change in logo and slogan. The change has been brought about, explains Kunal Bahl, Co-Founder and CEO, to “enable users to unlock their aspirations”.

Why A Deal With Snapdeal Is A More Logical Choice For Flipkart Than Amazon

India’s e-commerce industry could see a major shake-up if online retailer Snapdeal’s preliminary conversations with local rival Flipkart and US-based Amazon to explore a possible merger make any headway. But a Flipkart-Snapdeal merger is a more likely scenario than a deal between Snapdeal and Amazon, say analysts.

“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO

Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on net revenue instead of gross merchandise value (GMV) and the new focus is part of another big change at the e-commerce marketplace.

Snapdeal May Die A Slow And Painful Death

On June 8, American e-commerce major Amazon announced an additional $3-billion investment in India, making clear its intention to win in the country. This throws up a massive challenge for all homegrown e-commerce companies, among which Snapdeal could be hurt the most.