SNAPDEAL
‘Shark Tank India 4’: Namita Thapar and Kunal Bahl reveal they were bullied for being overweight school: ‘Never got called by our names’
An emotional episode of ‘Shark Tank India 4’ saw judges Kunal Bahl and Namita Thapar sharing their experiences of being bullied for their weight. They were moved by the pitch of Fitelo, a fitness app designed to offer personalized health solutions. Investors Vinita Singh and Namita Thapar invested Rs 1.
Snapdeal cofounder Kunal Bahl seen shopping on rival Amazon
In a post on X, Bahl sought recommendations for a good squash racket in India. One of his followers replied with a suggestion, to which Bahl replied with a screenshot of the product he bought, which is seemingly that of Amazon's website.
As Bira struggled due to name change, here are other brands who faced heat in similar manner
B9 Beverages, owner of Bira beer, suffered a significant decline in sales and increased losses in FY24 due to regulatory issues following a name change. Similarly, Mahindra faced legal challenges from IndiGo over trademark infringement, while Tata Motors and Snapdeal experienced branding troubles affecting their business operations.
Race to deliver fast intensifies: quick commerce firms burning Rs 1,500 crore a month
The monthly cash burn for quick commerce players, including new entrants, has surged to Rs 1,300-1,500 crore, doubling in just a few months, reflecting intense competition for users. Burn rate measures how quickly a company spends its reserves before generating positive cash flow.
Urban Company converts to a public entity in run-up to IPO
The at-home services company is reported to be eyeing a Rs 3,000-crore IPO. This comes at a time when many new-age companies, including SoftBank-backed OfBusiness, Zomato-backed Shiprocket, Flipkart-backed Shadowfax, jewellery retailer Bluestone, eyewear retailer Lenskart and manufacturing firm Zetwerk are looking to go public.
Sam Altman’s Delhi blitz; APAAR's consent dilemma
Happy Tuesday! OpenAI CEO Sam Altman will visit India on February 5. This and more in today’s ETtech Morning Dispatch.
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PE, VC funds in a bind; OpenAI goes deep
Sebi’s regulations regarding preferential treatment of large investors pose a dilemma to private equity (PE) and venture capital (VC) firms. This and more in today’s ETtech Top 5.
Billionaire Harsh Goenka highlights losses in companies owned by Shark Tank India judges. Anupam Mittal reacts
RPG Group Chairman Harsh Goenka stirred a debate online after sharing a post on X about the financial losses reported by companies owned by Shark Tank India judges. While appreciating the show’s role in fostering entrepreneurship, Goenka humorously likened the Sharks to the movie Jaws. Anupam Mittal, one of the Sharks, responded, calling the shared data "superficial" and "incomplete."
Online edtech platform Physics Wallah appoints Ajinkya Jain as Group General Counsel
Physics Wallah Ltd has appointed Ajinkya Jain as the Group General Counsel, Company Secretary, and Compliance Officer. Jain brings extensive experience from Unicommerce eSolutions Ltd and PharmEasy. Alakh Pandey, CEO of Physics Wallah, emphasizes the importance of Jain's legal and corporate governance expertise in their expansion and innovation efforts in the education sector.
Shark Tank India Season 4: Entrepreneur pitches zero-sugar ice cream, Anupam Mittal warns of ‘running out of money’
Shark Tank India returns for its fourth season, featuring pitches like Kiran Shah's no-sugar ice cream brand, Go Zero. Shah seeks Rs 1 crore for 1 per cent equity while the Sharks, including Anupam Mittal and Aman Gupta, counter with offers contingent on revenue milestones. The panel includes notable investors such as Anupam Mittal, Aman Gupta, and others.
Jeeves to UHNIs Woosters: The family office domination
India's ultra-wealthy are increasingly leaning towards family offices for wealth management, favoring their personalized, flexible approach over traditional financial institutions. These offices manage billions in assets, offering tailored investment strategies and mitigating risks, ensuring wealth preservation and expansion for their affluent clients.
Shark Tank 4: Who is the Gurgaon teenager, Himanshu Rajpurohit? The 19-year-old almost bagged a deal from sharks
Himanshu Rajpurohit, 19, faced rejection on Shark Tank India despite impressive initial reception. He sought Rs 75 lakhs for 1 percent equity but was overconfident and poorly prepared. His website, created just days before the show, raised doubts among the judges. Investors expressed concerns about his approach and the lack of innovation.
Shark Tank India Season 4: This 19-year-old’s health app almost got a deal - but he lost it due to 'overconfidence'
In the latest episode of Shark Tank India 4, 19-year-old entrepreneur Himanshu Rajpurohit, the founder of Nexera.Health, pitched his healthcare app seeking an investment of Rs. 75 lakhs for 1% equity. Despite impressing initially, Himanshu's overconfidence and a critical error in his app, which he built just days before the pitch, led to investor rejections.
Shark Tank India 4: IITian-turned-YouTuber Gaurav Taneja reveals why needs 'sharks' despite earning Rs 1 crore in 1 hour
Season 4 of Shark Tank India premieres on January 6, promising intense drama and high-stakes deals. A teaser features influencer Gaurav Taneja, aka Flying Beast, pitching his fitness brand Beast Life. His entry has already captivated audiences, setting the stage for an exciting season ahead.
Shark Tank India Season 4 OTT release: Where and how to watch the investment wars. Check timings, new judges
Shark Tank India Season 4 premieres today, exclusively on Sony LIV. The show, known for its compelling entrepreneurial pitches, airs Monday to Friday at 8 PM. This season introduces two new judges, Kunal Bahl (Snapdeal) and Viraj Bahl (Veeba), alongside returning sharks like Aman Gupta, Namita Thapar, and Peyush Bansal. Hosted by comedian Ashish Solanki and social media personality Sahiba Bali, the show continues its signature format, with entrepreneurs pitching innovative ideas to secure investments.
Mamaearth parent ropes in Lokesh Chhaparwal to lead tech and engineering
Chhaparwal joins Honasa with over 13 years of experience in product engineering, data strategy, and innovation. Prior to this role, Lokesh served as AVP, head of engineering at Snapdeal.
Namita Thapar calls out new sharks with ‘bohot uchhal rahe hai’ comment amid investment war. Check Shark Tank India Season 4 clip
With new sharks joining the panel, Shark Tank India Season 4 promises to be more competitive and dramatic. Intense investment conflicts and heated confrontations are hinted at in the most recent promo, especially between People Group CEO Anupam Mittal and Snapdeal CEO Kunal Bahl. With the comment, "Yeh naye sharks aaj kal bahut uchhal rahe hai," Namita Thapar also makes a light-hearted fun at the newcomers.
Social media cheers Blinkit's rollout of 10-minute ambulance service
Consumers could request an ambulance through the Blinkit app. According to Dhindsa, the platform plans to expand this service to all major cities within the next two years. Founders, investors and Blinkit users lauded the company's move.
Dunzo founder's exit; GCCs & pay hikes
Wishing all our readers a very happy new year. Dunzo's cofounder & CEO has discussed leaving his crisis-hit company. This and more in 2025's first edition of ETtech Top 5.
Snapdeal files IPO papers to raise Rs 1,250 crore
Snapdeal's IPO consists of a fresh issue of shares worth Rs 1,250 crore and an offer for sale of 30.77 million shares, according to its draft prospectus.
Snapdeal appoints two independent directors ahead of its proposed Rs 3,000 crore IPO
Snapdeal, which operates India's leading value e-commerce platform, counts BlackRock, Temasek, Foxconn, Premji Invest, Intel Capital, Bessemer Venture Partners, and Ratan Tata.
Anand Piramal invests in a resurgent Snapdeal
Snapdeal's 2.0 strategy has allowed it to rapidly build a differentiated business, with a sharp focus on value-priced merchandise – the largest segment in retail.
Snapdeal's first investor Kenneth Glass backs founders
Kenneth Glass, one of the first investors in Snapdeal said in an email statement that he is excited about the company introducing Snapdeal 2.0.
Flipkart-Snapdeal deal: Negotiations on for higher offer
SoftBank, Snapdeal's largest investor, has been proactively mediating the sale for the past few months. The board also has representation from Snapdeal founders , NVP and Kalaari Capital.
Snapdeal-Flipkart deal may leave staff richer by Rs 193 crore
According to sources, if the deal goes through, the founders will give half of their payout (USD 30 million) for the proposed scheme which would cover all current employees of Snapdeal.
Two more top executives quit Snapdeal as it struggles to find funding
Snapdeal has been in talks recently with existing investor SoftBank to raise money at a valuation of $3-4 billion, according to people aware of the negotiations.
Snapdeal's Gold answer to Amazon, Flipkart premium membership
Snapdeal co-founder Rohit Bansal said its team met over 10,000 customers across the country to identify the key services they wanted from e-commerce companies.
Vijay Ghadge joins as COO of Snapdeal's captive logistics unit Vulcan Express
Snapdeal, which is strengthening its supply chain and logistics capabilities, had invested Rs 240 crore in GoJavas in two subsequent rounds in 2015.
Aamir Khan’s remark: Flipkart's Sachin Bansal comes to Snapdeal's rescue
“This is a flawed logic. Brands don't buy into brand ambassadors personal opinions. @snapdeal shouldn't face this,” Bansal tweeted.
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