Kalaari's MD quits Snapdeal board amid talks with Flipkart
Vani Kola, the Managing Director of Snapdeal's early investor Kalaari Capital, has quit Snapdeal board amid reports suggesting that Flipkart has offered to acquire Snapdeal in a $1 billion deal. Kola's resignation is being seen as a sign of Kalaari's willingness to reach a deal with SoftBank. Earlier, Kalaari had refused to the terms offered by Snapdeal's largest investor SoftBank.