Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Twitter
Vivo
Chitra Ramkrishna
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Merging talks explored by Snapdeal, Flipkart, Amazon
Business

Merging talks explored by Snapdeal, Flipkart, Amazon

Merging talks explored by Snapdeal, Flipkart, Amazon
Written by Mansi Motwani
Aug 19, 2016, 09:48 am 2 min read
Merging talks explored by Snapdeal, Flipkart, Amazon

According to sources aware of the development, Snapdeal has initiated preliminary talks with rivals Flipkart and Amazon with regards to probing a potential merger. Co-founder of Snapdeal Kunal Bahl apparently met with top executives of Tiger Global Management, the largest investor of Flipkart. Reports are highly speculative as Snapdeal, Flipkart and Amazon all denied to comment on the same.

Background
About Exclusively.com

Exclusively.com was an online fashion portal founded in June 2010, opening up to Indian consumers in 2012. Designers like Manish Malhotra, Tarun Tahiliani, Manish Arora, Anita Dongre, Ritu Kumar, Neeta Lulla and more displayed their designs through this website. Exclusively.com also offered luxury brands such as DKNY, Armani, Michael Kors, Porsche Design, Marc Jacobs etc.

Information
Acquisition

In February 2015, Snapdeal acquired Exclusively.com for an undisclosed amount.

19 Aug 2016
Snapdeal's Exclusively.com shuts down

Snapdeal has pulled the shutters down on Exclusively.com, a high-end online fashion and accessories platform. The catalogue of the luxury and premium fashion portal will be moved onto Snapdeal's website. In a few weeks, Exclusively.com will stop functioning as an independent website and orders from users will be rejected. This move comes during Snapdeal's cost-cutting operations and an increased focus on profitability.

Consolidation
The Integration of Exclusively.com with Snapdeal

Exclusively.com's catalogue of fashion and lifestyle products, footwear, accessories will be available on Snapdeal's website. Orders will be fulfilled through Snapdeal's logistics network, according to an official statement. A spokesperson from Snapdeal stated that employees of Exclusively.com too, have been integrated with employees of Snapdeal and will continue performing the same responsibilities. In parallel, Snapdeal is in the process of building Snapdeal Fashion.

Acquisition
Chinese E-commerce Giant amidst talks of acquiring ShopClues

Alibaba, the Chinese e-commerce giant, looking to enter the Indian e-commerce market space by early 2017, has held discussions for acquiring ShopClues, which is currently valued over $1 billion. ShopClues is the most targeted Indian e-commerce organisation when it comes to takeovers, with a revenue run-rate of $750 million. Alibaba hopes to challenge Amazon and is already seen as a threat to Flipkart.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Mansi Motwani
Mansi Motwani
Mail
“I am on a mission to civilise.” Mumbai University. City Girl, Reader, Believer.
Latest
Snapdeal
Manish Malhotra
Anita Dongre
ShopClues
Latest
2022 French Open: Novak Djokovic through to second round
2022 French Open: Novak Djokovic through to second round Sports
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here India
5 stuffed vegetable recipes that you are going to love
5 stuffed vegetable recipes that you are going to love Lifestyle
Snap slashes its Q2 outlook; shares tumble 30%
Snap slashes its Q2 outlook; shares tumble 30% Business
Daniel Vettori, Andre Borovec named Australia's assistant coaches: Details here
Daniel Vettori, Andre Borovec named Australia's assistant coaches: Details here Sports
Snapdeal
Snapdeal starts testing robots for order deliveries: Details here
Snapdeal starts testing robots for order deliveries: Details here Business
#Lockdown: MHA changes rules again, only essentials to be delivered
#Lockdown: MHA changes rules again, only essentials to be delivered Business
Alibaba launches Yoli, a 'social-commerce' app to bag online deals
Alibaba launches Yoli, a 'social-commerce' app to bag online deals Business
OPPO launches A5s, with amazing battery life, at Rs. 10,000
OPPO launches A5s, with amazing battery life, at Rs. 10,000 Technology
5 apps for students to make money while in college
5 apps for students to make money while in college Business
More News
Manish Malhotra
Who is Alisha Vaid, wife of filmmaker Luv Ranjan?
Who is Alisha Vaid, wife of filmmaker Luv Ranjan? Entertainment
Here's why ED summoned Manish Malhotra, Sabyasachi, Ritu Kumar
Here's why ED summoned Manish Malhotra, Sabyasachi, Ritu Kumar Entertainment
Varun-Natasha wedding: Check out the first pictures
Varun-Natasha wedding: Check out the first pictures Entertainment
Varun Dhawan-Natasha Dalal's wedding: All about the special day
Varun Dhawan-Natasha Dalal's wedding: All about the special day Entertainment
Five famous fashion designers of India
Five famous fashion designers of India Lifestyle
More News
Anita Dongre
Mukesh Ambani to Anand Mahindra, corporates join fight against coronavirus
Mukesh Ambani to Anand Mahindra, corporates join fight against coronavirus Business
On India visit, Ivanka Trump dons an Anita Dongre sherwani
On India visit, Ivanka Trump dons an Anita Dongre sherwani Entertainment
Sophie Turner dazzles fans in a traditional emerald-hued lehenga
Sophie Turner dazzles fans in a traditional emerald-hued lehenga Entertainment
Neha Dhupia and Angad Bedi announce wedding through sweet Instagram-posts
Neha Dhupia and Angad Bedi announce wedding through sweet Instagram-posts Entertainment
More News
ShopClues
A Singaporean company bought (unicorn) ShopClues for peanuts
A Singaporean company bought (unicorn) ShopClues for peanuts Business
Comio C1 Pro launched in India for Rs. 5,599
Comio C1 Pro launched in India for Rs. 5,599 Technology
Now you can buy a feature phone for Rs. 249
Now you can buy a feature phone for Rs. 249 Technology
Patanjali Ayurved's exclusive store inaugurated at Delhi IGI Airport
Patanjali Ayurved's exclusive store inaugurated at Delhi IGI Airport Business
Samsung launches all-in-one shopping service Samsung Mall
Samsung launches all-in-one shopping service Samsung Mall Technology
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022