Categories: Technology

SNAPDEAL IN INDEPENDENT PATH

The Snapdeal, Gurugaon based vector e-commerce company had called off his merge with his big rivalry Flipkart. it will pursue…

The Snapdeal, Gurugaon based vector e-commerce company had called off his merge with his big rivalry Flipkart. it will pursue an independent path. Now it has been decided to terminated all his starategies and begun to move in an independent path.

The Jasper Infotech, which runs Snapdeal, had earlier agreed to Flipkart’s revised buyout bid of up to $950 million and a deal was pending approval of smaller shareholders. Two early stage investors such as Kalaari Capital and Nexus Venture Partners, were also reluctant to back a deal with Flipkart.

Jasper Infotech said it has a “new and compelling direction – Snapdeal 2.0” and has made significant progress towards the ability to execute this by achieving a gross profit this month.

Snapdeal also agreed to sell its digital paymnet website Freecharge to the Axis abnk for 385 crore.

if the deal had been done,it would have marked the largest acquisition in the Indian e-commerce landscape.

Share
Published by
Aravind
Tags: featuredflipkartSnapdeal

Recent Posts

Bigg Boss Tamil Vote | Online Voting { Season 2 }

Bigg Boss Tamil Vote:  If you are looking for saving your favourite bigg boss Tamil contestant from being eliminated this…

June 25, 2018 11:20 am

A large Asteroid to safely pass by Earth on Septmber 1: NASA

A large asteroid will pass safely by our planet on September 1, at a distance of seven million kilometres, or…

June 6, 2018 2:24 am

STARC TO BE RESTED FOR INDIAs TOUR

The Australian Fast bowler Mitchell Starc will miss Australia’s limited-overs and Twenty20 tours of India starting in September. The Cricket…

June 5, 2018 10:14 pm

STAR WARS TO BE DIRECTED BY STEPHEN DALDRYIN

Director Stephen DaldryIn is in talks with a Star Wars "OBI-Wan Kenobi"  spin-off with to held with the project. According…

June 5, 2018 5:42 pm

KERALA HITS HIGH TRAFFIC TO SEE SUNNY LEONE

Thousands of fans gathered to see Sunny Leone, a Bollywood actress who had come to Kochi for the opening of…

June 5, 2018 5:42 pm

I’LL NOT ENTER BIG BOSS AGAIN: OVIYA

Oviya said that she would not go to the big boss anymore as a competitor. Oviya's speech and performance in…

June 5, 2018 1:30 pm