Snapdeal’s steady exodus of senior executives has continued even a week after it announced its ambitious turnaround plan. Rahul Ganjoo, Vice President, Programme Management and Arvind Heda, Vice President, Technology (Data Platform) have now resigned, sources told Economic Times. The day Snapdeal announced Snapdeal 2.0, Product VP Pradeep Desai, Engineering VP Viraj Chatterjee and IT head Gaurav Gupta had turned in their papers. A day later, Business head of FMCG Digvijay Ghosh and Business head of general merchandise…

An Ola employee has been arrested by the Bangalore police for illegally accessing and exposing confidential Aadhar data. Abhinav Srivastav, who worked for Ola in its head office in Koramangla, had created an app called “Aadhar e-KYC” in January this year. Srivastav, 31, was allegedly illegally accessing Aadhar-related information hosted on National Informatics Centre server, and was using it to support the app. The police say the app was exposing citizens’ private data to the public. “Aadhaar related…

Snapdeal might want to chart a new, profitable path with Snapdeal 2.0, but its senior executives don’t seem particularly enthused about the plan. Snapdeal’s heads of product, engineering and technology have all quit just a day after the founders had launched Snapdeal 2.0. Product VP Pradeep Desai, Engineering VP Viraj Chatterjee and IT head Gaurav Gupta have turned in their papers immediately after Snapdeal announced its restructuring. These aren’t the only senior executives to quit…

Paytm and Whatsapp started off as very different companies. WhatsApp was founded in 2009 as a chat application; Paytm was founded in 2010 as a payments company. But through a long circuitous route that has spanned nearly a decade, both are converging on one single aim — to marry chat and payments. While WhatApp has been looking to integrate UPI payments into its app that’ll allow people to send and receive money, it now turns out…

Snapdeal’s smaller investors are already peeved about the company having decided to not pursue a deal with Flipkart; its employees might just end up being even more unhappy. Snapdeal is now asking several of its employees to leave immediately with just one month’s pay and one month in severance, Economic Times has reported. This is less than what employees had been offered in February when Snapdeal had conducted its last round of layoffs — Snapdeal had…

    Snapdeal’s decision to end all talks of acquisitions and mergers hasn’t gone down with one of its earliest backers. Kalaari Capital’s Vani Kola has torn into Snapdeal’s founders for deciding to end all strategic talks. “I’m extremely disappointed and shocked (with) the founders and their disregard for investors’ and employee’s interests,” she told ET Now. Kola also said that the decision was taken without her consent. “I had no prior information of this….

The longest will they-won’t they in recent memory in the Indian startup ecosystem has ended, and two of the biggest startups in the country won’t be joining forces. Snapdeal has announced that that it won’t be getting acquired by Flipkart. “We will be continuing the Snapdeal journey as an independent company,” said the Snapdeal founders in an email to their employees. “Over the last few months, our company has been engaged in strategic discussions with…

Earlier this week, Mark Zuckerberg and Elon Musk had locked horns over exactly the sort of topic that one would imagine billionaire technocrats discuss in their spare time — whether advanced AI would ultimately destroy humanity. Elon Musk has been telling anyone who’d listen how Artificial Intelligence would become so smart as to render humans useless. Zuckerberg didn’t seem to agree, saying that certain “naysayers” were coming up with doomsday scenarios. Musk had then shot back,…