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Foxconn writes off additional $40 mn stake in Snapdeal

TMT

15 May, 2018

Foxconn writes off additional $40 mn stake in Snapdeal

FIH Mobile Ltd, a subsidiary of Taipei-headquartered Foxconn Technology Group, has written down the remaining $40 million of its $200 ......

eBay to sell Flipkart stake for $1.1 bn, relaunch India ops in new avatar

TMT

09 May, 2018

eBay to sell Flipkart stake for $1.1 bn, relaunch India ops in new avatar

Global e-commerce firm eBay Inc said on Wednesday that it will sell its holdings in Flipkart for about $1.1 billion ......

Infibeam to acquire Snapdeal's tech solutions arm Unicommerce

TMT

07 May, 2018

Infibeam to acquire Snapdeal's tech solutions arm Unicommerce

Infibeam Incorporation Ltd, the parent of the country's only listed e-commerce company, will acquire 100% stake in Unicommerce, the technology ......

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Video streaming giant Netflix hires new India legal head

People

26 March, 2018

Video streaming giant Netflix hires new India legal head

US-headquartered video streaming giant Netflix Inc has hired a new legal head for its Indian operations.Netflix told VCCircle that Ashish ......

Canada fund CDPQ eyes CLP India; Kalaari in talks to sell stake in Snapdeal

General

15 March, 2018

Canada fund CDPQ eyes CLP India; Kalaari in talks to sell stake in Snapdeal

Canada's second-biggest public pension fund, La Caisse de dépôt et Placement du Québec (CDPQ), is in advanced talks with investment ......

Snapdeal strategy chief Jason Kothari backs US flower e-commerce firm

TMT

15 February, 2018

Snapdeal strategy chief Jason Kothari backs US flower e-commerce firm

Jason Kothari, chief strategy and investment officer at Snapdeal, has made a personal investment in ItsByU, a flower e-commerce company ......

Online gold loan platform Rupeek gets $6.8 mn from Accel, Sequoia

TMT

09 February, 2018

Online gold loan platform Rupeek gets $6.8 mn from Accel, Sequoia

Bengaluru-based Rupeek, which operates an online marketplace for gold loans, has raised $6.83 million (Rs 44 crore) in a fresh ......

eBay takes $61 mn impairment hit on Snapdeal investment

TMT

08 February, 2018

eBay takes $61 mn impairment hit on Snapdeal investment

Global e-commerce firm eBay Inc. has written down its investment in online marketplace Snapdeal but recorded gains by selling its ......

Budget 2018: Founders of Ola, Snapdeal, MobiKwik and others share their views

TMT

01 February, 2018

Budget 2018: Founders of Ola, Snapdeal, MobiKwik and others share their views

Although the Budget 2018 was a decidedly populist one focused the rural economy, finance minister Arun Jaitley emphasised the importance ......

Snapdeal in talks with Amazon, Intuit to sell Unicommerce: Report

TMT

29 January, 2018

Snapdeal in talks with Amazon, Intuit to sell Unicommerce: Report

Ecommerce firm Snapdeal has kickstarted discussions to sell technology solutions arm Unicommerce, The Economic Times reported, citing people it didn't ......