Snapdeal news and archive

Nexus approves Snapdeal sale to Flipkart

India's battle of online retailers has just gotten more interesting with Snapdeal co-investor Nexus Venture Partners (NVP) agreeing to sell the e-commerce portal to Flipkart; this week itself could see the signing of a term sheet. Japan-based Softbank, with a share of 30 percent the largest shareholder in Snapdeal, had already secured permission...

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Dharavi x Snapdeal: world's largest slum joins world of commercial e-tail

The lanes are narrow, the stench is overwhelming: welcome to Dharavi, one of the world's largest slums located in the heart of Mumbai, India. Finding a computer in any of the tiny households that are often not larger than 80 square feet (7.5 square meters) and double as workshops is unlikely, yet about 200 of those shops have tied up with...