Snapdeal posts â¹4,647 crore net loss in 2016-17 
Snapdeal posted a net loss of â¹4,647 crore for the financial year ending March 2017 as compared to â¹3,340 crore in the previous fiscal, according to filings. Filings also revealed the loss was impacted by a provision for "impairment of goodwill" of â¹1,797 crore. Goodwill impairment occurs when a company pays more than fair value for a set of assets.