This is what Snapdeal founders told their staff amid downsizing
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Amid looming uncertainties, Reportedly, the communication, from Bahl and Bansal, comes at a time when Snapdeal is downsizing and shutting its non-core businesses so as to conserve cash and extend its runway as fresh funding has been hard to come by.
Recently, the company announced the closure of its consumer-to-consumer marketplace Shopo last week and now the e-tailer has now disbanded its SD Instant team.
Launched across Delhi, Mumbai and
Snapdeal's cost-cutting drive has coincided with a string of senior level exits. The latest being
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Maheshwari has left the company after a four-year stint, sources aware of the development told TOI. He joins other old-timers who have recently quit including Tony Navin, Sandeep Komaravelly and Abhishek Kumar
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