E-commerce platform Snadpeal announced the appointment of Priyaranjan Kumar as Vice President and Business Head. An experienced leader in the retail industry, he will lead various growth and expansion initiatives of the company, the statement said. Prior to joining Snapdeal, Priyaranjan was the Chief Operating Officer (COO) of Iconic Fashion, where he led the charge to build a…
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PwC to assist Snapdeal with its Environment, Social and Governance programs
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•Snapdeal, India’s leading value e-commerce company, announced the appointment of PricewaterhouseCoopers Services LLP (PwC) for providing assistance on its Environment, Social and Governance (ESG) programmes. As part of the engagement, PwC has assisted Snapdeal to define the overall ESG Vision and in mapping the current ESG practices of the Company considering the relevant global ESG…
Snapdeal rolls out additional wellness measures for its team
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•Snapdeal, India’s value e-commerce company, has announced that the company will offer new mothers the option to work from home for six months, in addition to six months of maternity leave. A statement informed, “As companies look to welcome employees back to the office, Snapdeal announced this update to its maternity leave policy keeping in…
Snapdeal ropes in Senior Walmart Executive Saurabh Bansal as Chief Merchandising Officer
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•Snapdeal, India’s largest value e-commerce company, announced the appointment of Saurabh Bansal as its Chief Merchandising Officer. As a highly experienced retail professional, Saurabh has diverse experience in working with global firms and e-commerce start-ups that includes work in different retail formats including Hypermarkets, Cash & Carry, E-commerce, and Omni-channel retail. Saurabh rejoins Snapdeal after nearly…
Lockdown 4.0: E-commerce firms resumes deliveries in red zones
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•The Government of India recently announced the fourth phase of nationwide lockdown but with some relief to businesses. E-commerce companies who were only delivering essential products until now, are finally allowed to deliver all products in the red zones. As per the new guidelines issued on May 17 for the third extension of the lockdown,…
Ecommerce website to resume retailing of non-essentials from May 4
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•After the second phase of lockdown came to an end, e-commerce websites in India are now finally get geared up for resuming of business in non-essential items. Although the Ministry of Home Affairs has given a go-ahead for resuming businesses, major Indian cities which makes a huge chunk of their sales, are still under lockdown…
Entrepreneurs write to Prime Minister saying “Coronavirus Doesn’t Discriminate, Need Lockdown”
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•The coronavirus has impacted many businesses worldwide. The novel virus which originated in China has now spread to 160 countries while 180 positive cases and four deaths in India alone. Businesses have been forced to resort to cost-cutting measures and put a halt on expansions. Some are even asking the government to step in. A…
Content marketplace Pepper raises ₹2.2Cr from Snapdeal founders’ Titan Capital
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•Mumbai-based content writing and services platform Pepper recently announced that it has raised ₹2.2Cr in a seed funding round led by Snapdeal Founders’ VC fund Titan Capital. According to a company statement, Nasscom Chairperson Saurabh Srivastava, Slideshare Co-Founder Amit Ranjan, news platform YourStory Media and Indifi Co-Founder Alok Mittal. Dentsu Webchutney Chairman Sidharth Rao, Innov8…
Jason Kothari quits Infibeam, amidst the stock market disaster.
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•Jason Kothari, president of the e-commerce company Infibeam Avenues, has quit the company, in less than five months due to personal reasons. “We wish to inform you that Mr. Jason Kothari who is serving the Company as a President has informed the Company that he is required to spend more time abroad due to personal reasons.…
Snapdeal to conduct ‘AI-Hackathon: Winner get’s cash reward and job offer.
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•Snapdeal has announced ‘AI-Hackathon’ to find talented AI experts who can address challenges in the e-commerce sector using artificial intelligence. The winner of the event will receive a cash price of Rs 50,000 and a chance to work with the firm’s AI team. “This competition challenges participants to solve interesting problems around computer vision and…
Snapdeal.com set to land up $ 80–100 Million in PE Funding
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•Snapdeal.com, is set to see a major investment from General Atlantic Partners. The PE funding, is expected to be around $ 80 – 100 Million, and may also see participation from the existing investors – Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners. Snapdeal.com, which started as a group deal site, has in…
Snapdeal.com appoints Aakash Moondhra as CFO
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•Snapdeal.com has appointed Aakash Moondhra as the company’s Chief Financial Officer. Aakash has previously been associated with leading brands like – AT & T, Bharti Airtel, Bharti Retail & Barrings Private Equity. In his previous role he was the Chief Investment Officer for I Farm Ventures. At Bharti, he has been a part of the…