Snapdeal Flipkart Sale
Once sold to Flipkart, Snapdeal staff may be richer by Rs 193 crore
The intent is also to compensate for the ESOPs that were issued to senior employees
 "Once sold to Flipkart, Snapdeal staff may be richer by Rs 193 crore")
E-commerce consolidation to give way to mature growth in sector
With the desks cleared for the sale of Snapdeal to Flipkart, India's e-commerce industry might look like it is a two-horse race, but a third rider will emerge as China's Alibaba steps up its game in the country.But with all three players - Flipkart, Amazon and Alibaba now having access to long-term capital, the days of burning money to buy customers seem to be over. Instead, the next chapter of India's e-commerce war will be like a game of chess with all players looking at long term growth."Consolidation was bound to happen because the game was so shallow and you needed hands with permanent capital on your balance sheet. Now, what has happened is the player with the better model has been able to get permanent capital on their balance sheet which is Flipkart and Amazon," says Haresh Chawla, partner at True North, a private equity fund."The time horizon to investment has suddenly changed, it's no longer a VC play and the same thing will continue to happen in the space with vertical ...
Softbank gets Nexus' nod for selling Snapdeal to Flipkart
Sources said Snapdeal founders would get about $25 mn each, NVP could get close to $100 mn