Snapdeal’s Kunal Bahl assures employees of job security, higher salaries

E-commerce portal Snapdeal’s co-founders Kunal Bahl and Rohit Bansal have written an e-mail to their employees to give them assurance of job security amid escalated talks of a potential sale to Flipkart.

The sale, propelled by Snapdeal’s largest investor – Snapdeal – will create the largest e-commerce company within the country, and will pose as formidable competition to Amazon India.

According to a reports , the e-mail said, “There has been a lot of media reporting and speculation around Snapdeal recently.While our investors are driving discussions about the way forward, I am reaching out to let you know that the well being of the entire team is mine and Rohit’s top priority. We will do all that we can, and more, in working with out investors to ensure there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clearer…” Snapdeal CEO Kunal Bahl said in the e-mail.

In the e-mail, Bahl said, “Given the incredible progress we have made around our profitability journey as a company, the overall increments this year are higher than those offered last year.”

While media reports suggest that Snapdeal’s investor Softbank is …read more