Tag Archives: Snapdeal

Amazon’s New Nemesis: Softbank Pouring Billions Into Each Flipkart, Snapdeal AND Paytm

We talked yesterday about Softbank emerging as the biggest e-commerce investor worldwide. SoftBank and its equity fund for tech investments, Vision Fund, have just now invested $2.5 billion into Flipkart. Economic Times: SoftBank, the world’s largest technology investment firm, has bought a fifth of India’s most valuable startup – Flipkart — for a mammoth $2.5 […]

Snapdeal Rejects Flipkart Offer, Will Sell Off Some Non-core Assets to Stay Independent

The Indian drama that keeps on giving. Bloomberg: Snapdeal rejected an acquisition bid from rival Flipkart Online Services Pvt, saying it will compete alone in India’s e-commerce market. Snapdeal, which said it will sell off some non-core assets, is set to post a gross profit this month, the startup said in an emailed statement Monday. […]

Flipkart to Buy Snapdeal for $900 to $950 Million, Softbank Will Own 20% of Flipkart

After months of negotiations, Flipkart buying Snapdeal is close to finally happening. And Snapdeal investor Softbank will emerge as a major force in Indian ecommerce as a result. According to Reuters, only a few smaller shareholders remain to be convinced: The board of Jasper Infotech, which runs Snapdeal, approved Flipkart’s bid of $900 million-$950 million […]

Fight for India Intensifies: Flipkart May Buy Snapdeal, and May Merge With eBay India

There are rumors going around for a while now that Snapdeal is in talks with rivals Flipkart, Paytm for a potential sale: Online marketplace Snapdeal is in talks with domestic rivals Paytm E-Commerce Pvt Ltd and Flipkart for a potential sale, Indian daily business newspaper Mint reported on Wednesday, citing sources. ​There seems to be […]

Fight For India: Alibaba Goes Paytm, Snapdeal Cuts Costs, Flipkart Cuts Merchant Fees

The biggest news from India over the last couple of days has been Paytm getting $200 million from Alibaba and SAIF Partners. Reuters: Alibaba.com Singapore E-Commerce Pvt Ltd picked up a 36.31 percent stake in Paytm E-Commerce for investing $177 million, according to a regulatory filing by the Indian company that runs an online marketplace. […]

Snapdeal Shows What Walmart Should Have Done With ShippingPass

Yesterday, we saw how Walmart, in killing ShippingPass without introducing a substitute, doesn’t really seem to grasp the challenge that Amazon Prime represents to the retailer’s online strategy. Looking at India, we can see how this might have gone differently with little to no effort for Walmart today. See, for example, Snapdeal Gold. Here’s a […]

Fight for India: Flipkart is Planning Private Labels While Still Ahead of Amazon And More

Tech in Asia: India’s Flipkart launched its first self-branded products, dubbed Flipkart Smart Buy, in December, focusing on phone chargers and data cables.+ The aim is to gain higher margins for the Amazon arch-rival, which in turn could help with profitability. Internally codenamed Project Ice, Sachin is planning to make self-branded items in more than […]