Read what Rohit Bansal and Kunal Bahl mailed Snapdeal employees amidst Flipkart acquisition speculations

Amidst speculations of acquisition by Flipkart gaining traction, Snapdeal co-founders have emailed their employees to not fret about their jobs and upcoming appraisals.

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Kunal Bahl, CEO & Co-founder, Snapdeal emailed his employees on Sunday relaying that they acknowledge the speculations that are taking place but nothing will threaten the employees’ upcoming appraisal and that the appraisals will be better than the year before.

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Read the entire mail below.

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Dear Team,

There has been a lot of media reporting and speculation around Snapdeal recently.

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. We will do all that we can, and more, in working with our investors to ensure that there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clear. Let me repeat, your well-being is our #1 priority.

In the interim, the annual performance review process is nearly complete and you will the receive the salary revision and promotion letters (where applicable) over the next two weeks. Given the incredible progress we have made around our profitability journey as a company, the overall increments this year are higher than those offered last year.

Please do feel free to reach out with your suggestions and concerns. Stay awesome!

Thanks!

Kunal & Rohit