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Snapdeal logs Rs 388 crore revenue in FY23, reduces losses by 45%

Snapdeal logs Rs 388 crore revenue in FY23, reduces losses by 45%

Sat, Dec 30, 2023

Snapdeal's consolidated revenue declined 31 per cent to Rs 388 crore during FY23 from Rs 563 crore in FY22.“In the ongoing October-December quarter, we are profitable on a consolidated basis,” the company said.

Govt issues notices to Amazon, Flipkart, Snapdeal for selling toys without BIS quality mark

Govt issues notices to Amazon, Flipkart, Snapdeal for selling toys without BIS quality mark

Thu, Jan 12, 2023

The consumer protection regulator has issued notices to e-commerce platforms Amazon, Flipkart and Snapdeal for allegedly selling toys without BIS quality mark.

E-commerce player Snapdeal drops IPO plan, withdraws DRHP

E-commerce player Snapdeal drops IPO plan, withdraws DRHP

Sun, Dec 11, 2022

At the time of filing the draft paper with the Securities and Exchange Board of India (Sebi), market sources had indicated the company is looking at a valuation of over USD 1.5 to 1.7 billion.

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Snapdeal co-founders are seventh-highest paid executives in India

Snapdeal co-founders are seventh-highest paid executives in India

Thu, Aug 25, 2016

The information was gathered from the balance sheets of the tech unicorns in India, according to the report.

Snapdeal denies talks of merger with Flipkart

Snapdeal denies talks of merger with Flipkart

Wed, Aug 24, 2016

It was earlier reported on Wednesday that the top management of both the companies have initiated merger talks with the increasing competition from international e-commerce giants such as Amazon.

Flipkart, Snapdeal top management in merger talks: Sources

Flipkart, Snapdeal top management in merger talks: Sources

Wed, Aug 24, 2016

Flipkart, sources said, would benefit from payments-enabler FreeCharge, which is a part of Snapdeal.

Snapdeal to spend Rs 200 crore on Diwali marketing campaign

Snapdeal to spend Rs 200 crore on Diwali marketing campaign

Tue, Aug 23, 2016

Snapdeal said that the campaign will be designed to drive traffic and increase consumer awareness about its exciting festive season offers hosted by brand partners and its lakhs of sellers.

Here's why the e-commerce bubble is on the brink of bursting

Here's why the e-commerce bubble is on the brink of bursting

Sat, Aug 20, 2016

This week witnessed the shut down several ecommerce sites and lay off of many employees.

Death by acquisition: Here's how ecommerce firms plan to kill competition

Death by acquisition: Here's how ecommerce firms plan to kill competition

Wed, Aug 17, 2016

The ecommerce segment is going through a phase where top firms are getting rid of competition by way of acquisition and a few months later shutting it.

After Paytm, Future Group partners with Snapdeal for 'Maha Bachat' sale

After Paytm, Future Group partners with Snapdeal for 'Maha Bachat' sale

Fri, Aug 12, 2016

Last week, Kishore Biyani, Group CEO of Future Group had said that with this Maha Bachat sale, Big Bazaar is targeting a Rs 1,000 crore sales.

Snapdeal starts next day delivery service in 104 cities

Snapdeal starts next day delivery service in 104 cities

Thu, Aug 11, 2016

Snapdeal announced on Thursday that its next day delivery service was made live in 104 cities across India. Metros, Tier I, Tier II and select tier III cities including smaller cities like Chitradurga, Sirsa, Ongole, Rudrapur, Shimoga, and Salem, among others can avail of this service.

Offline retailers again up in arms against e-commerce Independence Day sales

Offline retailers again up in arms against e-commerce Independence Day sales

Wed, Aug 10, 2016

In a move to stop big players in the e-commerce sector from breaking FDI norms in India, an industry body filed a complaint with DIPP against Amazon, Flipkart and Snapdeal for FDI violations.

Flipkart bought Jabong to tackle Amazon but will it succeed?

Flipkart bought Jabong to tackle Amazon but will it succeed?

Wed, Jul 27, 2016

Flipkart believes that Myntra and Jabong are all set to define the next generation of online shopping.

Govt names 106 e-commerce websites for illegal trade of wildlife

Govt names 106 e-commerce websites for illegal trade of wildlife

Tue, Jul 19, 2016

Ministry is taking various steps to prevent such illegal acts like by carrying out regular cyber patrolling to detect any such posts

Snapdeal makes 3 changes to seller policies for simpler online marketing

Snapdeal makes 3 changes to seller policies for simpler online marketing

Mon, Jul 11, 2016

India’s largest online marketplace, Snapdeal announced plans to make it easier for online trade by sellers on its platform on Monday. These changes will be effective from 14 July, 2016, the company said in a statement.

VC funding for startup declines over 60% from its peak in Q3 last year

VC funding for startup declines over 60% from its peak in Q3 last year

Mon, Jul 04, 2016

Investment activity in India for VC backed companies has reduced to $1,153 million in Q1 2016 from the heights of $2,897 million in Q3 2015,

Now book flights, hotels, and order food via Snapdeal

Now book flights, hotels, and order food via Snapdeal

Mon, Jul 04, 2016

One of India’s leading e-commerce website—Snapdeal—is diversifying. The company, on Monday, said that customers can now book flights, hotels and order food through its website or mobile application.

Xiaomi launches Mi Max in India at price of Rs 14,999

Xiaomi launches Mi Max in India at price of Rs 14,999

Thu, Jun 30, 2016

The two variants of the phone are priced at Rs 14,999 and Rs 19,999.

This is how Nikesh Arora led Softbank invested in India

This is how Nikesh Arora led Softbank invested in India

Wed, Jun 22, 2016

SoftBank's investment bucket includes India's e-commerce majors like Snapdeal, OYO Rooms, Housing.com, PayTm and many more.

Softbank’s India plans to continue unhindered, Nikesh Arora assures

Softbank’s India plans to continue unhindered, Nikesh Arora assures

Wed, Jun 22, 2016

With Arora’s exit, the future of these investments and the future strategy of Softbank of India came under clouds.

Products sold on Flipkart likely to be expensive from Wednesday

Products sold on Flipkart likely to be expensive from Wednesday

Wed, Jun 22, 2016

This is primarily due to online protest by eSeller Suraksha, a forum for merchants selling on e-commerce websites and apps, which in its second phase of protest has asked its 1,574 members to raise prices of products sold on Flipkart, the news report said.

Keep calm and let Nikesh carry on

Keep calm and let Nikesh carry on

Wed, Jun 22, 2016

It seems, from reading between the lines on what both parties have said is that the terms of Nikesh’s employment had changed.

Will Nikesh Arora's exit shift Softbank's focus from India?

Will Nikesh Arora's exit shift Softbank's focus from India?

Tue, Jun 21, 2016

In June last year, SoftBank along with contract manufacturing giant Foxconn, had partnered with Bharti Enterprises.

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