Snapeal is about to secure a major round of funding. Chinese e-commerce giant Alibaba Group Holding Ltd and Foxconn Technology Group are in advanced talks to jointly invest about $500 million in Snapdeal.com, according to Wall Street Journal report.
Continue reading “Alibaba and Foxconn looking to pump $500 million in Snapdeal”
Microsoft is bringing its official online store to Snapdeal that will enable consumers to buy a wide range of Microsoft products such as phones, tablets, PCs and software.
Continue reading “Microsoft launches online store on Snapdeal”
Snapdeal is reportedly looking to enter digital payments services to tap on the huge potential in this segment as well as to take on Paytm’s increasing popularity. Continue reading “Snapdeal with FreeCharge may set up Paytm-like electronic payment platform: Report”
Snapdeal has collaborated with gojavas to launch 90 minutes reverse pick up. The latest service which is currently live in 15 cities, will allow customers to return/replace their online orders within 90 minutes of intimation.
Continue reading “Snapdeal teams up with gojavas for 90 minutes reverse pick up”
Snapdeal has scooped up a mobile commerce platform MartMobi for an undisclosed sum. The acquisition is aimed at strengthening Snapdeal’s mobility platform for merchants.
Continue reading “Snapdeal acquires mobile tech startup MartMobi”
Chinese smartphone maker Coolpad on Wednesday announced its exclusive partnership with e-commerce player Snapdeal for India. Continue reading “Coolpad partners with Snapdeal for upcoming Dazen brand of smartphones”
Following acquisition rumors since last month, Snapdeal has officially scooped up popular mobile payment service FreeCharge. Both the companies did not disclose the financial details of the deal but one person familiar with the deal said the acquisition cost is $450 million paid through a mix of cash and equity.
Continue reading “Snapdeal acquires mobile recharge service FreeCharge”
Snapdeal is foraying into financial sector by buying a majority stake in RupeePower which is a digital financial products distribution platform for loans, credit cards and other personal finance products.
Continue reading “Snapdeal acquires major stake in RupeePower”
Snapdeal is looking forward to buy online mobile recharge platform Freecharge, according to a report from The Economic Times. The deal is expected to be sealed at Rs 2,800 Cr ($450M).
Continue reading “Snapdeal eyeing Freecharge acquisition for Rs 2,800 Cr”
With an aim to boost its fashion business even further, Snapdeal has acquired online luxury fashion store Exclusively.com (formerly Exclusively.in). Financial details of the deal are not disclosed.
Continue reading “Snapdeal acquires Exclusively.com for online luxury mall”
Snapdeal has introduced a new‘Scan and Sell’ feature for its seller mobile app that will enable the sellers to list their products for sale on the platform with a simple scan of the products barcode and keying in the pricing details.
Continue reading “Snapdeal unveils Scan and Sell feature for sellers”
Google is finally bringing the Chromecast device to Indian markets officially. According to a report, the popular HDMI media streaming dongle that lets you stream videos and more on a TV will be available in India via Snapdeal.
Continue reading “Google Chromecast will reportedly land in India this week”
Snapdeal has raised a whopping $627 mn in funding from Japan SoftBank. The news follows a report that came in two weeks back. Snapdeal plans to use this capital to ramp up technology and supply chain management.
Continue reading “Snapdeal secures $627 mn in funding from SoftBank”
Snapdeal is close to raising funding worth $600-$650mn, as per a latest report from Reuters. The funding will be led by existing investor Japan’s SoftBank Corp to expand Snapdeal’s operations.
Continue reading “Snapdeal reportedly set to raise $600-$650mn in funding”
Snapdeal has launched a media streaming dongle, Teewe which will allows users to stream media wirelessly via a smartphone application to their televisions. Priced at Rs 1,999, the HDMI dongle works like Google’s Chromecast that has still not entered Indian markets.
Continue reading “Snapdeal rolls out media streaming dongle Teewe, pre-order starts for Rs 1,999”
