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Snapdeal Flipkart Acquisition Gets Shareholder Approval

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Snapdeal Flipkart Acquisition,Ratan Tata,Snapdeal shareholders,PremjiInvest,Ontario Pension Fund,Startup Stories,2017 Latest Business News,Snapdeal and Flipkart Deal,snapdeal board,snapdeal Latest News

The long winding acquisition talks between ecommerce rivals Flipkart and Snapdeal might finally come to a conclusion. According to media reports, in a recent development Tata Group chairman emeritus Ratan Tata, Temasek, BlackRock and Foxconn have given their in principle approval to the deal. The Snapdeal board, according to sources, have asked minority shareholder’s approval on the revised Flipkart deal which is worth $ 950 million to $ 970 million.

The Gurgaon based online market space startup, Snapdeal requires the approval of at least 75% of minority shareholders for the deal to go ahead, as a part of the clauses in the revised deal. However, the merger still awaits the final approval from PremjiInvest and Ontario Pension Fund, among others. Inc42 reported, a source close to the deal said, “Flipkart wants all the shareholders to agree to the deal. If that does not happen, then the ecommerce player might decide to not move ahead with the deal.

In August 2014, Ratan Tata led a funding round and invested an undisclosed amount in the upcoming eretail company. Temasek participated in two funding rounds investing an undisclosed amount in June 2013 and $ 100 million in a Series E round in May 2014. There are 30 other investors whose approval is required for the merger. SoftBank Corp, Ru-Net Holdings, Tybourne Capital, Alibaba Group, Bessemer, Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, eBay, Nexus Venture Partners, Intel Capital and Singapore based investment entity Brother Fortune Apparel are the other Snapdeal investors.

Snapdeal, reportedly left the decision of the acquisition on the shareholders because the revised termsheet had numerous clauses and holdbacks. One of the clauses put the liability of any wrongdoing by the company on the shareholders, post the acquisition. The Deccan Herald reported the Snapdeal board is expected to meet next week to make a final decision and the Flipkart board will meet later this week to discuss matters pertaining to the buyout.

As a part of the merger, Japan based SoftBank will invest $ 2 billion in Flipkart to own 20% of the combined entity, buying out one third of Tiger Global‘s shares in Flipkart.

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

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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.

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

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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.

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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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