Steve: Hey Shiv, you saw the twist in Snapdeal’s tale? Do you think they will be profitable next year?
Shiv: Oh yes! Somehow I didn’t get their intension ? Bahl n Bansal were on board and later backed out, can’t tell about the profits but Snapdeal 2.0 will give Flipkart a run for their money!? They laid off 80% staff to resurrect, Jugnoo too laid off workforce but the reason differs ?
Steve: Well, we should we just say that they snapped the deal? But, Softbank now going forward with Flipkart’s funding is definitely an interesting response to the founders’ decision.. ?
Shiv: Haha I know SoftBank was keen to make the merger happen so to acquire the stakes in largest e-commerce marketplace but instead it has to do the funding round now ? I wonder how Snapdeal founders will react if SoftBank indeed infuses $2 Billion!
Steve: Or should we say that now Flipkart can get Softbank without buying Snapdeal? ? Pretty much like buy 1 get 1, but they got the get 1 alone or specifically get 2 billion alone.. ? Also, I could so imagine Masayoshi Son telling Snapdeal founders after Flipkart investment, “It’s nothing personal Sonny, it’s strictly business” in Godfather style.. ?
Steve: No man, I was trying to understand what is going to be the cashback offer every time I send a chat via Paytm.
(Disclaimer:This is a funny (okay, not so funny) take on what happened in the technology and startup space. The conversation is purely fictional and does not reflect any personal opinion. For more such round-ups on the latest happenings in the startup space, check out TechStory every Sunday)