SoftBank puts e-comm veteran Kabir Misra on Snapdeal board

Snapdeal investor SoftBank has appointed e-commerce veteran Kabir Misra to the board of Snapdeal. Misra has been closely involved in managing SoftBank's investment in Alibaba in China. His appointment comes amid reports of Snapdeal looking to raise funds from SoftBank at a lower valuation. In February, Snapdeal fired 600 employees and its founders took a 100% pay cut.