Snapdeal

– Kabir Misra’s startup fund will count SoftBank Group as the anchor limited partner
– The fund will invest in the US, India, and Southeast Asia
– Misra will step down from his current position at Softbank Capital after closing the fund

• Small ecommerce players believe that the new rules will dissuade “malicious practices” carried out by certain platforms for “proxy sellers”
• Several complaints have emerged against ecommerce leaders Flipkart and Amazon of circumventing the norms under Press Note 3
• Press Note 3 disallows one seller from selling more than 25% of the total sales on the marketplace

Important Indian Startup News Stories Of The Week [02-07 July 2018]

As Snapdeal Figures Out A New Office To Move Into, We Take A Look How Its Previous Offices Have Reflected The Crests And Troughs In Its Journey

Important Movers And Shakers Of The Indian Startup Ecosystem [11-16 June 2018]

Jason Kothari Had Joined Snapdeal In January 2017 From Housing.com

The latest Funding Comes With Two Important Senior Leadership Changes As Well

The Firm To Oppose The Claims And Defend Itself In Appropriate Forums

7 Startup Funding Took Place In The Indian Startup Ecosystem This Week [14-19 May 2018]

Foxconn Mobile Unit Earlier Wrote Off $160 Mn In Snapdeal; eBay Too Wrote Off $61 Mn On Its Investment In The Company

13 Startup Funding Took Place In The Indian Startup Ecosystem This Week [7-12 May 2018]

Existing Employees Looking To Participate In The Buyback Offer Will Be Able To Tender Up To 50% Of Their Vested Options By June 1