| Log in
Photo Credit: Manni Das/VCCircle

Snapdeal’s legal head quits amid merger talks with Flipkart

16 May, 2017

Ashish Chandra, general counsel at Snapdeal, has stepped down from the company as the e-commerce firm’s merger talks with bigger rival Flipkart progress.

“I have exited Snapdeal. I served a reasonable notice period. I would take up a new assignment soon,” Chandra said when contacted. “I recently made an angel investment and will mentor that startup.”

Ashish Chandra

People familiar with the matter said that, apart from Chandra, many other key people may leave in the wake of the planned merger.

An email query to Snapdeal remained unanswered till the time of publishing this story.

Chandra is an alumnus of Delhi University and is a member of the Institute of Companies Secretaries of India. He started his career at Cyber Media India Ltd as company secretary in 2002, before moving to NCR Corporation India Pvt. Ltd as legal counsel and company secretary.

Later, he joined Godrej Group unit Geometric Software as chief legal officer. He also worked at Ebay India Pvt. Ltd, Star India Pvt. Ltd and Reliance Industries Ltd before moving to Snapdeal.

Legal news website Bar&Bench was the first to report the development.

Snapdeal, operated by Jasper Infotech Pvt. Ltd, is said to be in the final stages of talks for a merger with Flipkart. The merger could be announced in the next few days, VCCircle reported last week.

Snapdeal’s largest shareholder, SoftBank Group Corp, has been pushing for the merger and has managed to convince early investor Nexus Venture Partners in this regard.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Snapdeal’s HR chief Saurabh Nigam resigns amid merger talks

Snapdeal’s HR chief Saurabh Nigam resigns amid merger talks

Binu Paul 6 months ago
Even as its impending merger with rival firm Flipkart inches closer to,...
After COO Nitin Seth, Flipkart loses two more senior executives

After COO Nitin Seth, Flipkart loses two more senior executives

Dearton Thomas Hector 6 months ago
Two days after Flipkart’s chief operating officer Nitin Seth resigned from the...
Snapdeal’s CFO and general counsel Anup Vikal quits

Snapdeal’s CFO and general counsel Anup Vikal quits

Binu Paul 1 month ago
Anup Vikal, chief financial officer of online retailer Snapdeal and general...
No Comments

Snapdeal’s legal head quits amid merger talks with Flipkart

Powered by WordPress.com VIP