India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

Snapdeal Snapdeal, one of India’s big online marketplaces, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged with the rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $ 6.5 billion — said it is laying off staff as part of a bigger restructuring. The company has… Read More


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