Snapdeal to add another 5000 manufacturer-sellers to its platform in 2020
The ability to sell directly also means that producers get prompt feedback from the users, allowing them to make appropriate decisions regarding future demand and trends.
Inventus scores Rs 230 crore in exits
The tech-focused fund recorded cash exits from three portfolio firms in December.
Kunal Bahl wants FM Sitharaman to give tax benefits to ESOPs, says it will be a game-changer
Snapdeal CEO's two ideas will make startup and a...
Meet the new breed of 'super angel' investors
AngelList and ET picked these individuals for the access they enjoy, follow-on rounds they have backed and the overall quality of these startups. ET spoke to these angel investors for providing another filter to the shortlist.
Snapdeal founders summoned in ‘fake’ HUL products case
In the case, HUL claimed that the sellers had offered fake Indulekha-branded hair oil and hair cleanser on Snapdeal. The consumer goods company that owns the brand had made Snapdeal and its logistics partners party to the case.
What SoftBank’s new vision means for Indian industry
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
Snapdeal exploring deals with big brands to tackle counterfeits
Snapdeal operates a "Brand Registry" programme that allows sellers having their own registered brand name, trademarks, etc. get exclusive rights to sell their product in the relevant categories on the Snapdeal marketplace.
Snapdeal founders Kunal Bahl, Rohit Bansal lead Pre-series A funding in Azah
Azah had earlier raised a seed funding of $200,000 from the group of Angel investors to expand the business and optimize supply chain management.
Open Secret raises seed funding from Matrix Partners and others
Paytm's Vijay Shekhar Sharma, Snapdeal's Kunal Bahl and Rohit Bansal, and Godrej consumer products CEO Vivek Gambhir also participated in the funding round.
Snapdeal clocks over 50% of its condom sale from Tier 3 cities
The company said in a press statement that its discreet shipping policy for sexual wellness products, access to variety and hesitation to purchase from an offline store, has been key drivers for growth in demand.
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
Snapdeal in talks for $100m at valuation of $800m-1.2bn
The new round is expected to benchmark a new valuation for Snapdeal besides testing if its founders can win investor trust for the business after seeing a significant value erosion, said the first source mentioned earlier.
To share user data or not? Tech companies not on same page
Cos aren’t on the same page over the issue of sharing non-personal, or anonymous, information with govt.
Whiteboard Capital mixes incubator, micro-VC approach
As the name suggests, Whiteboard Capital bet on founders even before their business plan is finalised and to help them refine their products, even if it means changing the model.
Snapdeal records 52% rise in Diwali sales volumes
Nine out of every 10 orders received on the platform were from non-metro towns in the country, said Snapdeal, which now has more than 500,000 registered sellers.
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