NEW DELHI: Founders Kunal Bahl and Rohit Bansal will relinquish control of online marketplace Snapdeal to market leader Flipkart as early investors in the Delhi-based company give their consent to the sale, according to four people aware of the deal. The transaction, if successful, will redefine India’s online retail industry, and sharpen the battle lines…
Tag: investors
Snapdeal – Flipkart Unfolds: Snapdeal’s lead attorney Ashish Chandra quits as merger nears conclusion
Investors drive decisions on a merger with Flipkart, even as Snapdeal has hired Amarchand Mangaldas to lead the negotiations for the deal, expected to be concluded this month. Ashish Chandra who was serving as the general counsel of the Softbank-backed e-commerce firm Snapdeal since 2014 has quit the company as investors are driving decisions on…
Why is Flipkart still looking for investors, as their founders are billionaires, now? They can help themselves.
Brilliant question. I almost fell for it! But hey, they are actually the ones funding Flipkart now. If one actually thinks that Bansals have billions worth of cash sitting in the bank and why don’t they help themselves then the premise is wrong. They have the stake on papers and only when they sell that…
The story of the Journey – Entrepreneurship 2016
Yoram Tietz, Managing Partner, EY Israel, made this presentation a couple of months ago. I am sharing it, as I think it is very valuable for an aspiring entrepreneur and and the one, who is is on the journey of being one. Click here to view The story of the Journey – Entrepreneurship 2016 Its…
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