Snapdeal held 5 meetings with staff promising profitability
Snapdeal Co-founders Kunal Bahl and Rohit Bansal reportedly interacted with the employees in at least five townhall meetings in the past weeks where promises of achieving profitability were made. On employees' questions regarding Snapdeal being a takeover target, both the founders denied any takeover talks. In a letter last month, Bahl had asked employees to prepare for an IPO.