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Flipkart Offering $1bn To Acquire Snapdeal

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#startupstories, Flipkart, flipkart acquiring snapdeal, flipkart snapdeal deal, flipkart snapdeal news, flipkart snapdeal partnership, flipkart to buy snapdeal, kalaari, Kunal Bahl, nexus, paytm freecharge deal, Snapdeal, Softbank

The Flipkart and Snapdeal merging deal, for which many business people are waiting is, at last, coming to an end after many rumors. India’s e-commerce tycoon Flipkart has proposed an informal offer of $1 billion to acquire Snapdeal.

People having knowledge of the deal say, “The Flipkart’s offer to Snapdeal is a non-binding one, in (the) coming few days a proper formal sheet will be signed over after careful and persistent discussions.

This deal is similar to Paytm – Freecharge’s merging deal yesterday.

The board of directors of Jasper Infotech, the parent company of Snapdeal, has moved forward by agreeing to sell the company to Flipkart. SoftBank, the biggest investor of Snapdeal succeeded in convincing the Snapdeal’s Co-Founders, Kunal Bahl and Rohit Bansal, and other minor investors Kalaari and Nexus to sell the company to Flipkart.

SoftBank put forward a proposal to give $60 million and $30 million to the early investors Nexus and Kalaari, Kunal Bahl and Rohit are offered $15 million each. This deal also lets Snapdeal’s employees stay in the company for at least a year.

The deal has been pending for last few months because of the difference of opinions among the investors of Snapdeal.

Initially, the Japanese multinational telecommunications and internet company, SoftBank which has over 33% stake in Snapdeal has proposed to buy all the stakes of other investors to buy the company for Flipkart.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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