ShopClues (which is registered as Clues Network) posted losses of Rs 208 crore for the year ended March 2018.
Wipro's family office has objected to special payments to two of its co-founders Kunal Bahl and Rohit Bansal and two early investors
The cash-strapped firm, over the past few months, has trimmed workforce and shut down non-core operations in a bid to control costs
Compared to a valuation of about USD 6.5 billion in February 2016, the sale to Flipkart could see Snapdeal being valued at about USD 1 billion.
The meeting remained inconclusive as NVP -- an early-investor in Snapdeal -- has still not agreed to the valuation given by SoftBank
The board of Snapdeal is expected to meet tomorrow to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart.
Snapdeal was valued at US $6.5 billion in its last funding round in February 2016. The valuation, however, has shrunk since then.
E-commerce major Snapdeal will shell out an average pay hike of 12-15% as it looks to assure employees amid the online marketplace scouting for a potential buyer.
SoftBank is the largest shareholder in Snapdeal.
Nexus Venture Partners has three earlier funds - Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid 2008 and Fund III ($270mn) in end of 2012.
US-based startup Rancher Labs, which is developing Docker infrastructure software, has secured $10 million in Series A funding from Mayfield and Indian VC firm Nexus Venture Partners.
The company also announced the availability of their Platform and Cloud Service, that brings visibility and converged operations to software-defined data centers (SDDC).
Sources said Merisis Advisors were the advisors to the deal, but the company also declined to comment when reached.
Yadav seems to be bracing for another run-in with Housing.com's board
The company plans to utilise the funds to expand its team in India, and to invest in scaling its technology platform.
The year also witnessed hyper-growth in the technology start-ups and software product landscape, India ranking as the fourth largest start-up hub in the world with over 3,100 start-ups in the country.