Rohit Bansal

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Rohit Bansal - Total results - 30
Infibeam to buy Snapdeal's Unicommerce in Rs 120-cr deal, plans to boost e-commerce capabilities
Business

Infibeam to buy Snapdeal's Unicommerce in Rs 120-cr deal, plans to boost e-commerce capabilities

Infibeam on Monday said it will acquire Snapdeal's subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore

Snapdeal posts Rs 4,647 crore net loss in 2016-17, impacted by provision for 'impairment of goodwill'
Business

Snapdeal posts Rs 4,647 crore net loss in 2016-17, impacted by provision for 'impairment of goodwill'

Snapdeal's total income also declined by 12.6 percent to Rs 1,291.3 crore in FY2017 from Rs 1,478.2 crore in the previous year.

Full text: Snapdeal's Kunal Bahl, Rohit Bansal tell staff 'new path' already profitable at gross level
Business

Full text: Snapdeal's Kunal Bahl, Rohit Bansal tell staff 'new path' already profitable at gross level

It is time to focus on the business and leverage all our strengths to progress towards our vision of building the best marketplace, Snapdeal's Kunal Bahl and Rohit Bansal said in the letter

Snapdeal 2.0 can log Rs 150-cr gross profit in 12 months, says co-founder Kunal Bahl
Business

Snapdeal 2.0 can log Rs 150-cr gross profit in 12 months, says co-founder Kunal Bahl

Through Snapdeal 2.0, the company wants to enable anyone to set up a store online in a few minutes

Flipkart's Snapdeal acquisition plan hits a roadblock after six months of hard negotiations
Business

Flipkart's Snapdeal acquisition plan hits a roadblock after six months of hard negotiations

The founders (Kunal Bahl and Rohit Bansal) and shareholders have not yet agreed on the terms of the deal

Snapdeal acquisition: Flipkart likely to raise offer to $900-950 mn, closer to asking price
Business

Snapdeal acquisition: Flipkart likely to raise offer to $900-950 mn, closer to asking price

The development comes after Snapdeal rejected Flipkart's earlier offer of $800-850 mn

Snapdeal raises over Rs 113 cr from founders Kunal Bahl, Rohit Bansal, Nexus Venture Partners
Business

Snapdeal raises over Rs 113 cr from founders Kunal Bahl, Rohit Bansal, Nexus Venture Partners

The cash-strapped firm, over the past few months, has trimmed workforce and shut down non-core operations in a bid to control costs

Snapdeal staff may get Rs 193 cr bonanza if merger with Flipkart goes through
Business

Snapdeal staff may get Rs 193 cr bonanza if merger with Flipkart goes through

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.

Snapdeal board meet: No agreement on sale to Flipkart as valuation impasse continues
Business

Snapdeal board meet: No agreement on sale to Flipkart as valuation impasse continues

The meeting remained inconclusive as NVP -- an early-investor in Snapdeal -- has still not agreed to the valuation given by SoftBank

Snapdeal board is expected to meet on Tuesday to discuss sell-out to Flipkart
News & Analysis

Snapdeal board is expected to meet on Tuesday to discuss sell-out to Flipkart

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.

Delhi entrepreneur files criminal complaint against Snapdeal CEO Kunal Bahl and other founders
News & Analysis

Delhi entrepreneur files criminal complaint against Snapdeal CEO Kunal Bahl and other founders

Additional Sessions Judge RK Tripathi issued a notice to Snapdeal CEO Kunal Bahl, COO Rohit Bansal and its former chief financial officer (CFO) Vijay Ajmera for allegedly cheating.

Cash-strapped Snapdeal to offer generous pay hike of up to 15% amid sell-off buzz
Business

Cash-strapped Snapdeal to offer generous pay hike of up to 15% amid sell-off buzz

The decision to give such a good pay hike has been taken at a time when Snapdeal's largest investor SoftBank is believed to be working towards sale of the e-commerce platform and a final decision is likely to be made in the next few weeks

Snapdeal promises higher salaries, job security to staff as investor SoftBank pushes for sale
Business

Snapdeal promises higher salaries, job security to staff as investor SoftBank pushes for sale

The founders said the annual performance review process is nearly complete and employees will receive salary revision and promotion letters (where applicable) over the next two weeks.

Snapdeal has planned to raise about $100 million from its existing shareholders including SoftBank
News & Analysis

Snapdeal has planned to raise about $100 million from its existing shareholders including SoftBank

Indian online retailer Snapdeal is looking to raise just over $100 million from existing shareholders including Japan's SoftBank and new investors, its chief financial officer said.

Snapdeal's townhall meetings: Founders calm employees fear, seek to turn profitable sooner
Business

Snapdeal's townhall meetings: Founders calm employees fear, seek to turn profitable sooner

Snapdeal expects to turn profitable in two years and is eyeing a market listing around the same time

Softbank appoints Kabir Mishra to Snapdeal Board to support the company
News & Analysis

Softbank appoints Kabir Mishra to Snapdeal Board to support the company

Japanese conglomerate Softbank has appointed its most experienced e-commerce veteran Kabir Mishra to the Board of e-commerce firm Snapdeal to support the company.

Snapdeal's Kunal Bahal, Rohit Bansal realise 'profit is sanity': Full text of their email to staff
Business

Snapdeal's Kunal Bahal, Rohit Bansal realise 'profit is sanity': Full text of their email to staff

Snapdeal's fouunders have written a letter that founders of many Indian startups, now facing funds crunch, may want to write

Snapdeal's Kunal Bahl, Rohit Bansal admit to wrong decisions; decide to take no salary
Business

Snapdeal's Kunal Bahl, Rohit Bansal admit to wrong decisions; decide to take no salary

Bahl conceded that over the last 2-3 years, with all the capital coming into this market, the company and the entire industry "started making mistakes"