Snapdeal hires Airtel CMO

Indian online marketplace Snapdeal has hired Bharti Airtel’s business-to-consumer CMO Govind Rajan and appointed him as its new chief strategy officer. Rajan, who also headed Airtel Money, will take on the new role in August. The appointment comes less than …

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Alibaba, Foxconn look to invest $500M in Snapdeal — report

Alibaba and Foxconn are discussing investing around $500 million jointly in Snapdeal, an Indian e-commerce startup, The Wall Street Journal (WSJ) reported, a move they believe makes more sense than doing so separately. The investment would value the company, an online marketplace …

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SoftBank invests $1B in Korea’s largest m-commerce firm Coupang

Japanese mobile operator SoftBank plans to invest $1 billion in South Korea’s biggest mobile commerce company Coupang, in a deal that will be the country’s largest internet investment. Coupang’s current investors include BlackRock, Sequoia Capital and hedge-fund investor William Ackman. …

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Snapdeal jumps on MartMobi

Snapdeal, the leading online marketplace in India that already claims more than three-quarters of its sales come via mobile devices, is doubling down on m-commerce with the acquisition of local firm MartMobi. The company has acquired MartMobi for an undisclosed fee …

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