Snapdeal rejects Flipkart’s $800 million buyout offer!
Snapdeal rejects Flipkart takeover offer (yet another homegrown ecommerce major) of roughly $700-800 mn as per Livemint attracting criticism from its shareholders according to some people well acquainted with the matter. The news comes just a few days after Flipkart completed its commercial and legal due diligence of Snapdeal. The reason for this rejection is(0 comment)

Snapdeal Cuts 60% Gurgaon Office Due To Stern Crisis
The Snapdeal-Flipkart merger talks initiated by its principal investor SoftBank makes an old news. The latest reports suggest that the Snapdeal apparently is on a severe cost cutting spree. Snapdeal cuts 60% Gurgaon Office To Cut Costs. The online marketplace Snapdeal has been suffering rigorous cash crunch for long. As a result, the company has bid(0 comment)

Swiggy In Talks With Potential Investors To Raise Atleast $50 Million
Swiggy Raise $50 Million: Swiggy is discussing an investment of $50 to $60 million with potential investors. The Bengaluru-based food startup currently is in talks with two major investors. The reported names are Naspers Ltd, the South African media company and Fosun International Ltd, a Chinese Conglomerate. The fresh funding round may also include the(2 comments)