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Snapdeal Plans To Scale Down Operations In Regional Offices

Indian e-commerce major Snapdeal is reportedly planning to scale down its operations in its few regional offices including the major ones in Mumbai, Bangalore, Kolkata, and Hyderabad. According to a report, which cited unnamed people within the company, the firm may even shut down its few offices in next 6 months if it fails to raise a fresh round of funding. Snapdeal has been facing the heat of intense competition from Flipkart and Amazon for quite some time now. This new report follows the recent exit of Chief Product Officer Anand Chandrasekaran who was one of the most important senior executives. According...

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