Snapdeal founders letter to Employees all but confirm imminent sale

It's not a secret for Snapdeal which had a rough year, but Snapdeal had to layoff or cutoff around 600 people in February, while Snapdeal owned Freecharge CEO Govind Rajan left the digital payment firm. Then it came to know that the Snapdeal's founder Kunal Bahl and Ronit Bansal had written letter to their employs announcing they are taking 100 percent salary cut.

There are the reports which saying that Flipkart will acquiring the Snapdeal, in the deal that is pushed by the Soft Bank, one of the biggest investors in Snapdeal.

In the letter which were sent to the employees from the founder of Snapdeal had written  "While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and Rohit's top and only priority."

Of course, if the speculation is correct and Flipkart ends up being acquirer of Snapdeal, its unclear what will follow for many of these employees and indeed what will follow for Snapdeal as Brand.

Xiaomi beats Samsung and Apple, most preferred smartphone brand

It is surprising in a event Xiaomi is apparently ranked as the most preferred android phone in India and it seems to looking upgrade in 2017, as per recent report said.

Vendor	Share Android Panel	% Preferred Brand for Next Smartphone
Xiaomi	16%	26%
Samsung	18%	12%
Lenovo	11%	6%
Motorola	11%	7%
Micromax	9%	2%
Apple	~	12%
OnePlus	2.40%	6%
		Source: Strategy Analytics Inc.

These results were obtained by asking the Android panel by the analytic firm. The research note also says that the panel preferred network speeds and processor over camera, screen size and resolution as purchase drivers. This is the first time that Xiaomi has got first ranked for the preferred device in India. Xiaomi entered in India at 2014 and since then it still on by giving flash sales for their products.

Firms giving clues that the company has grown 125 percent year on year,  a significant momentum for any smartphone company.  This all because Xiaomi made phone very cheaper than other branded companies, which attract the Indian consumer to this company.
Nokia is said to launch the Nokia 3310 (2017) this month, followed by the Nokia 3, Nokia 5, and Nokia 6. On the other hand, Xiaomi's Redmi Note 4 launched last year has crossed one million in sales in India, and Redmi 4a launched last month, garnered record number in first sale.