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Grofers To Merge With Rival BigBasket – SoftBank To Invest In Merged Entity
It is the season of market consolidation for SoftBank-backed entities. Bengaluru-based online grocer BigBasket and Gurugram-based hyperlocal grocery delivery startup Grofers, are in talks for a...
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SoftBank Board Gives A Go Ahead To The Flipkart-Snapdeal Merger
SoftBank Global seems to have given the final nod on the Flipkart and Snapdeal merger. The Japanese investor has given an in-principle, non-binding approval for the deal, as per a report by CNBC-TV18....
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Snapdeal-Flipkart Merger Reaches Final Stages; Companies Sign Letter Of Intent
The Flipkart – Snapdeal merger seems to be heading towards its final stages now. As per the latest media reports, the falling Indian ecommerce giant, Snapdeal has agreed to sign a non-binding Letter of...
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Snapdeal Valuation Falls To $1 Bn, Founders To Get $30 Mn Each Post Exit
After a long haul with the investors, SoftBank and Flipkart have finally succeeded in their mission – ‘Snapdeal Merger.’ Reportedly, Flipkart will be merging the Snapdeal entity at a valuation of just...
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Amidst Merger Talks, Snapdeal Announces One Last Grand Unbox Sale
Amidst impending merger talks with Flipkart, ecommerce marketplace Snapdeal is probably making one last attempt at participating in the big Indian ecommerce battle. With rivals Flipkart and Amazon...
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Flipkart Snapdeal Merger Awaits Nod From Azim Premji, Ratan Tata
SoftBank Capital has long since been looking to recoup the losses it has incurred with its Indian consumer Internet investments. One of its major pushes has been the merger of Snapdeal with Flipkart....
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How SVG Media Turned Into A Digital Marketing Conglomerate Leveraging The Art...
“In M&A, A (acquisitions) is the easy part. Though all the hype and media attention is around the Acquisition, the difficult part is the Merger,” begins Harish Bahl, co-founder, SVG Media and Smile...
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SoftBank Delaying Paytm-FreeCharge Deal; Wants Flipkart-Snapdeal Merger To Be...
The Snapdeal-Flipkart merger saga is getting rockier by the day. As per Factordaily reports, SoftBank wants to go slow on the the related transaction between Snapdeal’s digital payment arm FreeCharge...
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Uber Surrenders In Russia; Signs $3.7 Bn JV With Rival Yandex
After China, cab aggregator Uber has called it quits in the Russian market, as well. The cab aggregator has announced a $3.7 Bn merger deal with Russian rival Yandex.Taxi, which is owned and operated...
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Flipkart Ups Snapdeal Merger Offer To $850 Mn – Will The Deal Finally Go...
Days after Snapdeal demanded a $900 Mn payout, Flipkart has put forward a revised offer of around $850 Mn. As per reports, the Bengaluru-headquartered ecommerce giant has agreed to pay $650 Mn-$700 Mn...
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Snapdeal Founders Push Sale To Infibeam To Retain Control
Uncertainties continue to surround Snapdeal, as its proposed merger with Flipkart has hit yet another roadblock. As per recent reports, Snapdeal founders Kunal Bahl and Rohit Bansal are intent on...
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CCI Approves Merger Of Telecom Giants Idea And Vodafone
The Competition Commission of India (CCI) has approved the merger of telecom companies Idea Cellular and Vodafone India. Kumar Mangalam Birla-led Idea Cellular confirmed the CCI approval to the merger...
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Snapdeal Board Approves FreeCharge Sale To Axis Bank For $60 Mn: Reports
Acquisition talks between Axis Bank and Snapdeal-owned FreeCharge have reached the final stages. The Jasper Infotech Board has agreed to sell the digital wallet business FreeCharge to Axis Bank for $60...
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SoftBank Boils Out Over Snapdeal Shareholders Woes; Threatens To Walk Out Of...
Snapdeal’s largest investor SoftBank has reportedly threatened to walk out if all the minority shareholders do not vote in favour of the merger deal with Flipkart. As per reports, if the deal falls...
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Snapdeal Flipkart Merger Deal In Jeopardy Due To Lack Of Consensus From...
The Snapdeal Flipkart merger, after six months of hard negotiations, is in danger of falling apart. While the Snapdeal founders seem reluctant, the company board is looking for ‘opinions’ from minority...
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Ebay India Now A Flipkart Group Company; Merger Transaction Complete
The merger transaction between home-bred ecommerce giant Flipkart and eBay has been formalised. This makes eBay India a Fipkart Group Company, along with names such as Myntra, Jabong, PhonePe, and...
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While Negotiating Merger Terms With Flipkart – Snapdeal Made $5.7 Mn...
Vulcan Express, the logistics arm of Snapdeal, secured a $5.68 Mn (INR 36.5 Cr) investment from its parent company Jasper Infotech in June this year. The investment was finalised at a board meeting on...
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Post Merger With Ibibo, Online Travel Portal MakeMyTrip Grapples With Rising...
Online travel portal MakeMyTrip (MMYT) reported a 135% increase in net revenue to around $141.2 Mn in Q1 of 2017, despite soaring losses due to increased expenses. Overall revenue has grown by around...
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Capturing The Indian Travel Space: Ashish Kashyap Of ibibo Group On Touching...
Walking up to the 19th floor of a swanky corporate building to interview the man who has built an empire through sheer ingenuity, you cannot help but feel a sense of nervous anticipation. Fumbling your...
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Are Foodtech Rivals Zomato And Swiggy Gearing Up For A Merger?
Two of the biggest players in the Indian foodtech space, Zomato and Swiggy, are reportedly in talks about a potential merger. According to sources, Bengaluru-based Swiggy has proposed a stock-based...
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Tiger Global To Sell A Portion Of Its Stake In Ola To Softbank For $500 Mn
Now that Tiger Global Management Partner Lee Fixel has stepped down from Ola’s board, the US-headquartered firm seems to be ready to sell its stake in the cab aggregator to none other than SoftBank. As...
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Managing Your People During A Merger Today
A KPMG study shows, 83% of the mergers fail. Some organisations embrace mergers almost effortlessly, and then others fail because of softer, but key aspects like ineffective methods of people and...
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Jabong Merges Into Myntra, Ananth Narayanan Will Continue To Lead
Putting rest to all speculations, Myntra has finally issued its statement in media. According to a company statement, Myntra and Jabong will now fully integrate all the remaining functions including...
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Drivezy And Zoomcar Could Be Looking At Merger To Tap Growing Car Rental Market
Car and bike rental startup Drivezy and self-drive car rental company Zoomcar are in initial talks for an equal merger, with a share swap deal. According to a report in Livemint, the talks between the...
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