Skip to main content

Snapdeal is sold to Flipkart or Paytm ? Talks are on !

It is too early to comment who will be strengthening the ecommerce muscle by buying a unicorn like Snapdeal. Talks are on of selling Snapdeal to Flipkart or Paytm but all the three companies have denied it. The whole discussion came into picture when Softbank decided to talk about $50 million of bridge finance to support this initiative  This news first came out in an online daily newspaper The Mint.

Your information is incorrect and without basis. We are making decisive progress in our journey towards profitability and all our efforts are aligned in this direction. the spokesperson said in an email to Mint.

Earlier this year, Snapdeal has laid off over 600 employees to restructure its business and wanted to become profitable . This Financial year Snapdeal has reported a loss of  $14.93 million. 

Kunal Bahl Paytm

Who is buying Snapdeal - Paytm or Flipkart ?

Let's examine who will be the potential beneficiary of this deal if it happens. Recently Flipkart has raise $1billion to stay in competition with Amazon, Snapdeal and Paytm . While PayTm is quite new entrant in the market with Paytm mall app - ecommerce arm of Paytm but it is backed by Alibaba. Alibaba holds 40% equity in Paytm ecommerce business and it has also funded Snapdeal (though the stake is only 3%) . 

Verdict : There are high chances of Snapdeal to be acquired by Paytm instead of Flipkart

If this happens, Flipkart will loose this battle and it will question its survival.


Popular posts from this blog

List of Online Shopping Sites in USA

Here is a list of Best Online Shopping Sites in USA.  This is the list of  2014 Online Shopping E- commerce Website in United States of America.
Hottest U.S. Internet and Mobile Retail Sites in 2013, 2012, and 2011


List of Online Shopping Websites in India

Looking for Best Online shopping sites in India or Top 10 ten 2016 shopping website in India. Many of you wrote to us about a post on List of online shopping sites. We tried to capture as many as possible since there are plenty of such online shopping sites and we can’t cover all. Here are few in which we are seeing some traction. This is just a list of online shopping companies in India. Whether you call it best shopping sites in India , cheap online shopping sites in India.

Please add in the list by putting names in the comment section that you think are worthy enough , we will add them. 
Below is the list.

Local Registration - A New Tectic for Amazon

Amazon, the giant in e -commerce is now ready with its new tactic to gain more customers. Some time before the idea put forward for “local registration” was one such preceding move to create an output that aimed at well planned establishment of the company in the mobile market. Yes, it succeeded in its attempt and came up with “Amazonlocal register”. However this time what the company renders is not the conventional style – the introduction of new mobile types or stores, but a technology that could obviously contribute to a multidimensional trustworthy money transfer mechanism.  Recently the system came to the mobile payment market, taking companies such as square and PayPal here. The label is a combination of a secure card reader, which must be purchased for US$10, and a free mobile app. Together, they offer a platform that allows businesses to accept credit and debit card payments using smart phones or tablet. The introductory fees for sign up on or before of 31 is 1.75 percent per …