Snapdeal

The deal was terminated as precedent conditions were not met

Infibeam had entered the acquisition agreement with Snapdeal in May

The acquisition deal was for $17.1 Mn

According to USISPF, the rules may create unpredictability

May impact the growth of Indian online retail space

Amendments were introduced without consultation

India is currently home to 26 unicorns with maximum attaining the unicorn tag in 2018

OYO and Ola emerged as the unicorn stars, expanding to foreign shores aggressively

BYJU’S threw a parting surprise by becoming the fourth most-valued unicorn in India

The company has selected Goldman Sachs and Mizuho to work on collecting the debt

The $100 Bn Vision fund was launched in October 2016

Earlier in May 2017, SVF announced its first close at $93 Bn

Snapdeal registered losses worth $84.7 Mn (INR 613 Cr) in FY18

Total income was recorded as $71.3 Mn (INR 514.5 Cr), down two times in comparison to FY17

Snapdeal claimed to be cash flow positive as of June 2018

At Snapdeal Jason Kothari played an integral role in fighting off a takeover bid by Flipkart

Kothari’s exit comes soon after Infibeam Avenues’ stock crashed 71% in September

Kothari said he was leaving Infibeam as he needed to spend more time abroad for personal reasons

An active angel investor of the Indian startup ecosystem, Anand Chandrasekaran was the director of platforms and product partnerships at Facebook

Anand Chandrasekaran may explore outside opportunities in the Bay Area

In the last six months, Chandrasekaran was looking at WhatsApp, specifically for the India market

The B2B arms of Alibaba in India generated a net loss of $4.05K (INR 3 Lakhs) during the same fiscal

Company’s total expenses were reported as $3.6 Mn (INR 27 Cr)

Alibaba also operates B2C ecommerce platform AliExpress In India

Those who do not comply with the rules, may be charged with contempt of court

The offenders may have to face even monetary penalties

Several online retailers have already stopped taking orders online

Flipkart and Amazon India are starting their festive season sales from October 10

Paytm Mall received over 1 Mn orders within a single day of its ongoing pre-festive sale

Flipkart and Amazon are expected to spend $55 Mn (INR 400 Cr) in advertising between the two of them

It is planning to add products to MarQ, Smart Homes, and Umbrella Brand

Flipkart expects that the private label categories of large appliances, furniture, and electronic accessories can be fruitful

The ecommerce company has also set a target of a Gross Merchandise Value (GMV) of $17.6 Bn by 2020-21

Snapdeal said new structure is optimised to enable pursuit of long-term value creation for all shareholders

In the last one year, Snapdeal has sold off Freecharge, and Unicommerce

Snapdeal had recently announced that it is cash flow positive in June 2018