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Showing posts from April, 2017

[ Summary of Snapdeal Crisis ] - Snapdeal Times

Snapdeal, being a re-organized, focused & entrepreneurial company now facing uncertainties & struggling in operating its business. The reasons behind this fruitful journey to the mess is covered in the below tiny article : In 2016-17, Snapdeal was struggling in raising funds from the investors but continued spending money on the variable costs which led to  Cash Crunch . Kalaari capital & Nexus ventures are  joint ventures  (JVs) firms who make funding in leading companies and so as invested in Snapdeal too. SoftBank also was another biggest investor holding 33% ownership. Few months later, partnership between these two biggest investors didn't go well and contradictions were initialized  on the basis of Board seats.  SoftBank had two seats giving more power & rights in the company. Kalaari and Nexus were holding one seat each. Storm did not stop here. Freecharge , e-commerce website for recharges, bill payments & much more, owne...