Connect with us

Latest News

Flipkart Sweetens Snapdeal Buyout Bid

Published

on

Flipkart Sweetens Snapdeal Buyout Bid,Startup Stories,2017 Latest Business News,Flipkart Increase Buyout Bid,Tiger Global Management,Flipkart,Snapdeal

Indian ecommerce giant Flipkart has offered a revised buyout deal of up to $ 950 million for the acquisition of the smaller rival Snapdeal. According to news firm CNBC, the new proposal is being evaluated by the company’s board.

Delhi based ecommerce firm Snapdeal had previously rejected Flipkart’s initial $ 700 – $ 800 million offer and in turn had asked for buyout bid ranging close to $ 900 million. According to sources close to the deal talks between the two companies are on going but the final closure of the deal could still be months away. 

Flipkart’s offer is only for the acquisition of the online market space and unicommerce business Snapdeal. Its logistics arm Vulcan Express along with their payments platform FreeCharge will be sold independently. GATI and Axis Bank have already come out as front runners interested in acquiring Vulcan and FreeCharge respectively.

Snapdeal reached peak evaluation in February 2016 at $ 6.5 billion where they raised $ 50 million from investors. But majority investor SoftBank reduced their valuation by more than $ 1 billion for the potential acquisition from Flipkart against the wishes of its founders Kunal Bahl and Rohit Bansal.

This sale, according to a report from Livemint, is likely to be accompanied by an equity infusion into Flipkart by SoftBank. The Japanese firm is also in talks to buy part of Flipkart’s majority investor Tiger Global Management’s 30% – 35% stake in the company.

If this deal between both the ecommerce companies fails, VCCircle reported Sanpdeal’s future will depend on how existing investors will support the struggling company. According to experts, it will be very difficult for Snapdeal to find interested buyers as the entire brand value is built around unique transactions and users versus the giants like Amazon and Flipkart.

Amazon recently got government approval to invest $ 500 million in the food processing industry and has invested Rs. 1,680 crores in their Indian unit. Flipkart is also reportedly in talks with eBay India over an acquisition deal. Therefore, a merger between Snapdeal and Flipkart would give global ecommerce company Amazon tough competition in almost all sectors. 

Continue Reading
Advertisement
7 Comments

7 Comments

  1. Lkdiwcro

    May 26, 2025 at 12:51 pm

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycrypto casino.

  2. MM88

    November 5, 2025 at 9:30 pm

    Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.

  3. GO88

    November 5, 2025 at 11:09 pm

    Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.

  4. iwin

    November 9, 2025 at 12:55 pm

    iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp

  5. 谷歌蜘蛛池

    November 14, 2025 at 12:49 am

    利用强大的谷歌蜘蛛池技术,大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池

  6. MM88

    November 15, 2025 at 1:18 am

    Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.

  7. Kuwin

    November 20, 2025 at 9:16 am

    kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Zerodha Reports 23% Profit Decline in FY25 as Revenues Miss Target

Published

on

Zerodha FY25

Zerodha experienced a challenging FY25, as its revenue fell 11.5% to ₹8,847 crore and net profit dropped 22.9% to ₹4,237 crore. This decline reflects tougher regulatory conditions, lower trading volumes, and increased operational costs in the brokerage market, all of which impacted core earning segments for the company.​

Despite these headwinds, Zerodha improved its operating margin to 63.78% and built up significant cash reserves, reporting ₹22,679 crore in bank balances. Salary expenses and director remuneration increased, but disciplined cost controls helped the company maintain profitability and a debt-free balance sheet. The drop in active clients and increased compliance costs further contributed to the profit contraction.​

Looking ahead, Zerodha’s resilience is supported by its robust cash position and operational efficiency. Maintaining steady margins, diversifying product offerings, and investing in technology positions the company to withstand future regulatory fluctuations and changing market sentiment reinforcing its status as one of India’s leading brokerage firms.

Continue Reading

Latest News

Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

Published

on

Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

Continue Reading

Latest News

Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

Published

on

Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

Continue Reading
Advertisement

Recent Posts

Advertisement