India: Snapdeal, Flipkart, Ola founders seek to reclaim lost ground from investors

India: Snapdeal, Flipkart, Ola founders seek to reclaim lost ground from investors

Employees work inside the office of Ola cab service in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016. Reuters.

At two of India’s iconic Internet start-ups, Flipkart and Snapdeal, the founders are fighting hard to keep control of their companies or striving to come back in more prominent roles after a period in which two powerful investors, Tiger Global Management Llc. and SoftBank Group Corp., called the shots at these companies. At another large start-up Ola, the founders have secured stronger rights against SoftBank to protect themselves against potentially hostile action by the largest shareholder in the cab-hailing firm.

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