Flipkart-snapdeal Deal

The Flipkart-Snapdeal combination is aimed at creating a stronger local competitor to battle Amazon.

In a letter to the corporate affairs ministry and commerce ministry, the All India Online Vendors Association (AIOVA) said over 500 sellers have complained about "unsettled financial matters with the current management of Snapdeal".

According to sources, if the deal goes through, the founders will give half of their payout ($30 million) for the proposed scheme which would cover all current employees of Snapdeal.

The Flipkart-Snapdeal combination is aimed at creating a stronger local competitor to battle Amazon.

In a letter to the corporate affairs ministry and commerce ministry, the All India Online Vendors Association (AIOVA) said over 500 sellers have complained about "unsettled financial matters with the current management of Snapdeal".

According to sources, if the deal goes through, the founders will give half of their payout ($30 million) for the proposed scheme which would cover all current employees of Snapdeal.