While our investors are driving discussions about 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 priority. SoftBank may end up with around 15% in the Flipkart-Snapdeal combine, if the transaction goes through successfully .Snapdeal's woes over the past few months have been chronicled in a series of news reports, as it battles to survive in a cash-guzzling e-commerce market. Employees said they were expecting their final appraisal letters to reach them next week. "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," the email from the founders noted.Some of the employees TOI spoke to said the final communication on their annual performance review had been delayed. "The communication says we will get better increments than last year, which seems very astonishing," said an employee who did not wish to be named.

Source: Times of India April 10, 2017 00:37 UTC