New Letter From Snapdeal Founders As Takeover Speculation Grows

Snapdeal founders told its employees in an email on Sunday that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear", as speculation of a takeover swirls. E-tailer Snapdeal has for weeks been at the centre of much takeover speculation, with its largest backer Japan's Softbank, seen as keen to sell the company to its larger rival, Tiger Global-backed Flipkart. In the e-mail, Snapdeal's...