Tag Archives: Snapdeal

Flipkart lifts bid for rival Snapdeal to up to $950 million

Indian web based business player Flipkart has sweetened its buyout offer for littler opponent Snapdeal to between $900 million and $950 million, two individuals comfortable with the arrangements stated, including that the new proposition is being assessed by the organization’s board.

Amidst Struggle to Fund Finding, 2 More Top Executives Leave Snapdeal

Head of Corporate Development of Snapdeal, Abhishek Kumar, has resigned. This is the 2nd instance of a senior executive leaving the company as it struggles to find more funding and reduce spending the amount that is available.

Delhi-NCR ahead of Bangalore, Mumbai as the most online shopping savvy city

India’s largest online marketplace Snapdeal has announced its annual digital buying trends highlighting the consumer preferences and habits recorded on its platform for the year 2016- Sanjeev Nanda

India’s largest online marketplace Snapdeal has announced its annual digital buying trends highlighting the consumer preferences and habits recorded on its platform for the year 2016.

As India leaped into a digital lifestyle, the sales recorded on Snapdeal for the year 2016 revealed that Delhi-NCR topped the charts as the most online shopping-savvy metro city in India, followed by Bangalore and Mumbai.

Perform or Perish: E-Commerce Major to 200 Employees

snapdeal_logo_screenshot

New Delhi: Amid growing competition from rivals like Amazon and Flipkart, e-commerce major Snapdeal has put its 200 employees on a ‘performance improvement’ notice under which they need to improve within a month or get terminated.

“The PIP process is expected to cover about 200 team members. As part of the ongoing performance management and development programme, some team members at our contact centre have been offered a performance improvement plan (PIP),” a Snapdeal spokesperson said.

Under ‘PIP’, employees have been given 30 days to improve performance, and failure to improve will result in termination of services.

The spokesperson said that while many have opted for PIP, some have decided not to go for it and instead move on voluntarily.

“Snapdeal has over one million daily transacting users on its ecosystem and all our efforts are focused on becoming part of the daily life of millions of Indians,” the spokesperson said.

Following the notification, some employees demonstrated outside a Delhi-based call centre of Snapdeal.

According to reports, Snapdeal has started reducing employee count at its contact centre from November last year, bringing it down to about 600, from a peak of 1,800-2,000.

According to industry sources, this has been a practice for some time now.

“When you have cheaper third-party sourcing available, keeping a huge team for customer-support services does not make sense. Large e-commerce companies are already doing it,” they said.

There have been no lay-offs, the company said, which has a team of some 8,000 people across the country.

The booming online commerce in India has created thousands of jobs across the country.

While most of these companies continue to be driven by investor money, concerns around profitability are being raised and many of these firms are now looking at restructuring their business model to run leaner operations.

Read full article: NDTV