Connect with us

Latest News

Kunal Bahl, Snapdeal CEO, Assures Employees Of Job Security And Promotions

Published

on

Snapdeal assures employees of job security and promotions, kunal bahl, snapdeal ceo kunal bahl, kalaari capital, nexus venture partners, snapdeal, softbank, softbank group, Flipkart, Freecharge, Jasper Infotech, Snapdeal founders assure employees of job security, kunal bahl assures employees of job security and promotions, snapdeal employees, snapdeal latest news

Kunal Bahl, CEO, and Co-founder of Snapdeal, recently has given an assurance of job safety and promotions to all of his employees. He ensured these through an email which states that the well-being of his employees continues to be the top priority for their founders.

Mentioning about their increments he said: “Increments this time will be higher than the last year’s raises.” More briefly, he also confirmed in the email that the investors of the company are driving the decision on the way forward, indicating that the founders of the company had little control over immediate developments at the company.”

Moreover, Snapdeal did not make any official statement that the company was in talks for a sale. Kunal Bahl wrote in the email to his employees stating:

There has been a lot of media reporting and speculation around Snapdeal recently. While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and Rohit’s top and only priority. We will do all that we can, and more, in working with our investors to ensure that there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clear.”

The employees were also promised that their annual salary hike is on schedule and they will be revising their salaries and promotions in the coming two weeks.

However, this email had put their employees in a deep confusion because on the one side the founder’s promise for a salary hike and increments but on the other side, they indirectly conveyed a message that everything is under the investor’s control.

Well, seems like time will be the deciding factor.

Continue Reading
Advertisement
29 Comments

Leave a Reply

Your email address will not be published.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

Latest News

OpenAI’s Trusted Contact Feature Signals a New Direction in AI Safety

Published

on

Open AI

OpenAI’s introduction of trusted contact safeguards for potential self-harm cases reflects a major evolution in AI responsibility.

Beyond Moderation

AI safety is shifting from simply blocking harmful content to actively supporting user wellbeing through:

  • early risk detection
  • human-centered intervention
  • stronger emotional safety frameworks

This positions AI as more than an information tool—it becomes part of broader digital support systems.

Key Industry Impact

Trusted contact models could influence future safety standards across:

  • AI assistants
  • mental health platforms
  • social media
  • digital health services

The Bigger Challenge

While promising, success depends on balancing:

  • privacy
  • consent
  • ethical intervention
  • user trust

Final Take

This move signals that the future of AI safety may rely not just on preventing harmful responses, but on building more responsible, human-connected support systems.

Continue Reading

Latest News

₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide

Published

on

rozana

Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.

The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.

This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.

Continue Reading

Latest News

Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026

Published

on

StartupStories

Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.

These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.

For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.

Continue Reading
Advertisement

Recent Posts

Advertisement