Snapdeal Officially Withdraws Its IPO, Cites “Prevailing Market Conditions”
Even as listed startup stocks are getting hammered at the stocks markets, the ones which were planning to go public are developing cold…
Even as listed startup stocks are getting hammered at the stocks markets, the ones which were planning to go public are developing cold…
Bangalore is now home to yet another swanky office. Snapdeal has become the latest startup to open an office in India’s IT capital….
The murmurs in entrepreneur circles about funding slowdown is still persistent. There are talks about bursting the startup bubble. The flames of uncertainty is still recurring, on top with the change of dynamics in startup ecosystem. However, when the country’s economic growth and purchasing power of people are on synchronized rise, there can be no dearth of funding. 2015 was a very good year, and 2016 is for taking things slow. But there is no stopping for the VC companies. Read our list of the top 10 most funded startups and get a dose of motivation for free!
After lots of small startups had proliferated the Indian hyperlocal services space, the biggies are now coming in in droves. After Quikr had launched its hyperlocal arm, and Facebook had made a bold play in the space, India’s 2nd biggest e-commerce company, Snapdeal, has launched its own version of hyperlocal services.
The battle for the supremacy in India’s e-commerce market has just been taken into the courtroom. Paytm has filed a lawsuit against Snapdeal-owned company…
Flipkart CEO Sachin Bansal delivered an uncharacteristically brutal attack on Snapdeal and Paytm, but it ended up backfiring.
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal is reportedly in talks with commutech giant Uber. If the partnership goes through, Snapdeal customers will be able to book an Uber ride through the Snapdeal app.
The Snapdeal protests, which broke out at Snapdeal’s Sarita Vihar office 2 days ago, have just gotten messier. After the agitating employees had approached the CM Arvind Kejriwal’s office, the Delhi government has directed the Labour Department to look into the matter. Snapdeal has requested for a 2 day period to explain its stand to the Labour department.
Protests at Snapdeal’s office have intensified as management and the fired employees have been unable to reach a compromise.