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Tag: rohit bansal
Here’s The Scary Truth: Almost Every Major Indian Startup Has Made The Same Mistakes As Snapdeal
India’s bustling startup ecosystem is in a state of hysteria as e-commerce major Snapdeal implodes. “I believe other startups will follow suit and by March more layoffs will be announced in other firms. There isn’t any choice. Companies will have…
Are Job Cuts At Snapdeal A Precursor To Its Merger With Alibaba And Paytm?
If Snapdeal follows the rule of the game, the company would deny any kind of merger talks with rival Paytm, or with investor Alibaba, unless a deal is concluded, at least verbally. “It will offer a new lease of life…
Read More Are Job Cuts At Snapdeal A Precursor To Its Merger With Alibaba And Paytm?
India’s 3rd Biggest E-Commerce Firm Snapdeal Is Cutting 600 Jobs, And There Could Be More To Come
The e-commerce industry in India has received another blow. On Wednesday, India’s third biggest e-commerce firm Snapdeal announced that it will be laying off employees. Though the company refrained from giving out exact numbers of people to be given the…
“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO
Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on…
Read More “Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO
Snapdeal May Die A Slow And Painful Death
On June 8, American e-commerce major Amazon announced an additional $3-billion investment in India, making clear its intention to win in the country. This throws up a massive challenge for all homegrown e-commerce companies, among which Snapdeal could be hurt the…
Caught In The Big Sale
Sure eTailing is growing by leaps and bounds. But eTailers are booking more losses than profits. Deep discounts and returns are a downward spiral they can’t pull out of by Vishal Krishna & Abraham C. Mathews This scene repeats every…