Full Financial & Strategic SoftBank Support: Snapdeal CEO to Staff

Bahl assured employees of the business’ forward plan to continue as usual even after SoftBank Prez Arora’s exit.

Kunal Bhal (R) with Masayoshi Son (L) of SoftBank. (Photo: Twitter @1kunalbahl)

On Wednesday, Nikesh Arora announced his stepping down from the post of Chief Operating Officer of SoftBank, which is the largest investor in Gurugram-based firm Snapdeal.

Kunal Bahl, Snapdeal’s CEO wrote a letter to his employees telling them about the company’s future.

Bahl assured his employees of the business’ forward plan to continue as usual even after Arora’s exit. While addressing the shock everyone felt at the SoftBank COO’s departure, Bahl said that his future endeavours will be just as successful as his past ones.

While Nikesh’s departure from SoftBank is a loss, I want to assure everyone that we continue to be fully supported by SoftBank, strategically and financially. So, don’t worry too much about this, Nikesh will continue to be involved with advising us in all our key initiatives, as he has been doing over the last 18 months. Masa-san, SoftBank’s Founder and CEO, has assured me of SoftBank’s complete support in all our initiatives, in the same exact way that they have been supportive since the time they made their first investment.

He concluded by saying that even after the management change of SoftBank, Snapdeal’s focus would not change , as they would “continue our efforts to build the most reliable and frictionless commerce ecosystem in India, and create massive impact for our country.”