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Amazon Deals - ToS - Like us?
Freecharge News & Updates
- Thread starter Sushubh
- Start date
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I can not understand... wikipedia says.. Freecharge was bought by Snapdeal for Rs 2800 crore.
Now $80million dollar just around Rs. 500 crore.
So 1st - why would snapdeal sell it for 2300 crore loss?
Plus isnt snapdeal trying to sell itself too?
If snapdeal gets sold to flipkart (before freecharge is sold).... can flipkart block freecharge sell? (because it would now own snapdeal which owns freecharge)
Now $80million dollar just around Rs. 500 crore.
So 1st - why would snapdeal sell it for 2300 crore loss?
Plus isnt snapdeal trying to sell itself too?
If snapdeal gets sold to flipkart (before freecharge is sold).... can flipkart block freecharge sell? (because it would now own snapdeal which owns freecharge)
snapdeal is selling individual components it owns. freecharge and vulcan express included. these two companies have separate parties bidding for them. if snapdeal is sold first, it would of course, include these two components. any buyer of snapdeal would probably prefer to not pay extra for those two components unless it wants them.
as for why snapdeal is selling... who knows. they have probably run out of venture capital and are not getting any new funding. or their investors are pushing them to sell because they are planning to get out as the investment is not going anywhere and would only fetch lower returns with more delay. these companies are not really profitable and have to take continues funding to stay alive. if funding stops, you have no option but to sell or shut down.
dextermorgan
I got banned!
you're forgetting this thing
Most of these deals happen though stock swap. snapdeal didnt pay 2800crores for freecharge in cash.
Its known secret that snapdeal is running out of cash so its looking to sell itself. it invested a lot in gojavas but ultimately created its own service called vulcan and payment processor freecharge which it is also selling separately from core snapdeal company.
dextermorgan
I got banned!
Paytm losses soar 312% to Rs 1,534 cr, but Alibaba-backed firm projects Rs 869 cr revenue
who'll give 50% off movie tickets for every new release and still make profits?
but alibaba is backing it so no need to worry about profits and stuff, just build the infrastructure and wait out the competitors.
1500cr loss on 689cr revenue last year. ofcourse Paytm is in losses
who'll give 50% off movie tickets for every new release and still make profits?but alibaba is backing it so no need to worry about profits and stuff, just build the infrastructure and wait out the competitors.
dextermorgan
I got banned!
from the looks of it, Amazon and AliExpress would end up being the only two relevant player in the indian market. make in india indeed.
