Snapdeal shuts down fashion portal Exclusively.com

ClosedClose to 18 months after acquiring Exclusively.com, Snapdeal has integrated the marketplace for premium branded fashion and lifestyle products with its core offering. Now, Exclusively will cease to exist as a standalone platform. Its offerings will be available on Snapdeal and orders for its products will be fulfilled through Snapdeal’s logistics network, the company said in […]

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Bansal vs Bahl: What the slugfest says about India’s e-commerce industry

Sachin Bansal and Kunal BahlIt ain’t about business anymore. It’s getting personal. Founders of two of India’s largest e-commerce companies, Flipkart’s Sachin Bansal and Snapdeal’s Kunal Bahl, got down to washing their dirty linen in public and the platform chosen was microblogging site Twitter. On Friday, reacting to reports that Chinese e-commerce giant Alibaba is contemplating a solo play […]

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FreeCharge introduces social payment feature

freecharge_feSnapdeal-controlled FreeCharge has launched a social payment feature called ‘Chat N Pay’ which directly connects buyers and sellers and allow them to pay over the chat function. This is the first time a person-to-person and person-to-merchant interface for digital payments has been introduced in India. “Payments are often social; they are in fact a very […]

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Delhi-NCR is the most preferred startup hub: InnoVen survey

bootsrepDelhi-NCR has emerged the most sought-after location for startups closely followed by Bangalore and Mumbai, reveals the ‘India Startup Outlook Report 2016’ published by venture debt firm InnoVen Capital (formerly SVB India). While Delhi NCR and Bangalore were neck to neck for bootstrapped and venture funded startups, the former was the hottest location for those […]

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Snapdeal gets $200M from Ontario Teachers’ Pension Plan, others

SnapdealE-commerce marketplace Snapdeal has raised $200 million (Rs 1362 crore) in fresh funding from Canada-based Ontario Teachers’ Pension Plan and other investors, it said in a statement. Singapore-headquartered investment firm Brother Fortune Apparel has also put money in this round, The Economic Times said in a news report. The latest round values Jasper Infotech, the company that runs […]

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Snapdeal gets $200M from Ontario Teachers’ Pension Plan, others

SnapdealE-commerce marketplace Snapdeal has raised $200 million (Rs 1362 crore) in fresh funding from Canada-based Ontario Teachers’ Pension Plan and other investors, it said in a statement. Singapore-headquartered investment firm Brother Fortune Apparel has also put money in this round, The Economic Times said in a news report. The latest round values Jasper Infotech, the company that runs […]

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Exclusive: Snapdeal’s Chandrasekaran invests in Teewe maker CREO

Anand_Chandrasekaran_feBangalore-based CREO, the maker of HDMI media streaming device Teewe, has secured angel funding from Snapdeal’s chief product officer Anand Chandrasekaran. Chandrasekaran’s investment is part of the recently concluded $3 million (Rs 20.4 crore) funding round that was led by Sequoia Capital India, Beenext Ventures and India Quotient, sources said. A CREO spokesperson is expected […]

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Exclusive: Snapdeal’s Chandrasekaran backs bill splitting & deals app Splitkart

Splitkart, a mobile app that allows users to split bills and plan group outings, has secured seed funding from Snapdeal’s chief product officer Anand Chandrasekaran. A person familiar with the development said that Chandrasekaran made the investment in his personal capacity, a few months ago. Sharique Khan, co-founder of Gurgaon-based Splitkart Eservices Pvt Ltd, did […]

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FreeCharge claims 10M wallet users within 60 days of launch

Snapdeal-controlled FreeCharge has secured 10 million users for its digital wallet service that was launched on September 25. The digital wallet service is aiming for a 35-million user base by March 2016. As part of its expansion plans, FreeCharge will foray into new payment services in the next few months and has already tied up […]

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Snapdeal hit by ‘app ratings’ protest, Flipkart’s Bansal supports rival

E-commerce marketplace Snapdeal seems to be facing the brunt of its brand ambassador Aamir Khan’s recent comments on rising intolerance in the country. Responding to the Bollywood actor’s remarks, a section of Snapdeal’s mobile users gave the e-tailer’s app a one-star (lowest) rating. A social media campaign titled #AppWapsi is urging users to delete the […]

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