Snapdeal co-founders Peddles Investment in Bicycle Startup Frog

AlphaVector, which operates India’s home grown bicycle brand Frog, has raised undisclosed amount of capital from Avaana Capital and Titan Capital. Apart from these two firms, no other investors reportedly participated in the funding round. Kunal Bahl, Co-founder of Snapdeal. Titan Capital is an investment arm of Snapdeal co-founders Kunal Bahl and Rohit Bansal, marking their entry…

ByGirish ShettiFebruary 5, 20200Comments

News

E commerce startup Snapdeal is in talks for Raising Fresh Funds: Report

Embattled e commerce startup Snapdeal, which at one point was tinkering on the verge of collapse, is now reportedly engaged in fresh talks to raise funds from existing as well as new investors. Reports claim that the Gurgaon based company is looking to raise approximately $100 Mn in the latest round. The talks of fresh…

ByGirish ShettiNovember 12, 20190Comments

Funding News

Anand Piramal’s Investment Reinforces Snapdeal’s Comeback Tag

Resurgent ecommerce platform Snapdeal has secured undisclosed amount of funding from Anand Piramal, executive director of Primal Group. Anand Piramal also happens to be the son in law of India’s richest man Mukesh Ambani. Primal has invested in the Gurgaon based company in personal capacity and this marks his first major investment in a startup. Snapdeal…

ByGirish ShettiJuly 24, 20190Comments

News

Snapdeal agrees to sell subsidiary company Unicommerce to Infibeam

Infibeam all set to buy Unicommerce from Snapdeal. Snapdeal has agreed to sell its subsidiary company Unicommerce eSolutions to Ahmadabad based e-commerce company Infibeam. The deal, which will be an all-stock deal, has been valued up to Rs 120 crore. As per the deal, Infibeam will issue preferential issue of optional convertible debentures (OCD) to Snapdeal. Unicommerce…

ByGirish ShettiMay 8, 20180Comments

News

Future Group Holding Talks to Acquire Snapdeal Owned Vulcan Express: Report

Future Group Holding Talks to Acquire Vulcan Express. Kishore Biyani led Future Group, India’s largest consumer retail firm, is reportedly holding discussions to acquire Snapdeal owned logistics startup Vulcan Express for nearly Rs 50 crore or $7.8 Mn. The deal will be most probably an all cash deal, according to people familiar with the matter. Both…

ByGirish ShettiJanuary 3, 20180Comments

News

Snapdeal-Flipkart Deal Collapses as Latter will Pursue an Independent path: Report

Snapdeal-Flipkart Deal has collapsed as the former’s co-founders want to pursue an independent path. The move will come as huge setback for Softbank. Snapdeal has officially called off the acquisition deal with Flipkart, according to an official statement released by the Gurgaon based e commerce company on Monday. The statement specifically stated that Snapdeal will now…

ByGirish ShettiJuly 31, 20170Comments

News

Snapdeal – Flipkart deal hits a Speed-breaker: Report

In an interesting turn of events, the much hyped-up Snapdeal - Flipkart deal may most likely be called off as former’s co-founders and shareholders continue to disagree on terms and conditions of the sale proceedings. The report comes barely four days after Snapdeal’s management agreed to sell its e-commerce business to its Bengaluru based arch…

ByGirish ShettiJuly 31, 20170Comments

News

Snapdeal’s Founders Prefer Infibeam and not Flipkart for Stake Sale: Report

Snapdeal's founders prefer infibeam for selling company's stake. Sale out to infibeam will appreantly help both founder's to keep their stake intact in the company. Flipkart’s planned takeover of Snapdeal has hit a roadblock as latter’s co-founders are reportedly mulling over selling the stake to infibeam. Kunal Bahl and Rohit Bansal’s decision to go along…

ByGirish ShettiJuly 24, 20170Comments

News

Flipkart Marginally Increases Snapdeal’s Bidding Offer to $850 to $900: Report

E commerce major Flipkart has made a renewed and probably a last ditch effort to acquire Snapdeal by increasing its bidding offer, according to two sources close to the development. The exact offer made by Flipkart is still not known, but several media reports are quoting the latest offer to be between $850 to $900…

ByGirish ShettiJuly 18, 20170Comments

Best Choice for Creatives