- Flipkart Wants To Pay Just $400 Mn For Snapdeal The Flipkart-Snapdeal deal has taken an interesting turn. In the latest development, homegrown ecommerce major, Flipkart is willing to pay just $300-$400 Mn for acquiring the company. The current valuation offered by Flipkart is less than what Kunal Bahl and Rohit Bansal were expecting. Last month, it was reported that Flipkart will be merging the […]
- Snapdeal Employees May Get A $30 Mn Bonanza If The Flipkart Deal Goes Through While the Flipkart and Snapdeal deal is expected to be signed in the next couple of days, good news abounds for the employees of the Delhi-based ecommerce marketplace. As per recent reports, Snapdeal may offer a $30 Mn (INR 193 Cr) bonanza to its staff, if the deal with Flipkart goes through. About 1,500-2,000 Snapdeal employees and Snapdeal […]
- Snapdeal Valuation Falls To $1 Bn, Founders To Get $30 Mn Each Post Exit After a long haul with the investors, SoftBank and Flipkart have finally succeeded in their mission – ‘Snapdeal Merger.’ Reportedly, Flipkart will be merging the Snapdeal entity at a valuation of just $1 Bn. Earlier this week, Inc42 reported that Snapdeal has agreed to sign a non-binding Letter of Intent (LoI) for the merger. The deal is expected […]