BANGALORE -- A couple of years ago, Amit Khandelwal quit his job at a multinational corporation to join Snapdeal, an online retailing startup. "I went to work for a startup because the job was more challenging, the pay was higher and the title was fancier. In a corporate, you can't climb up the ladder as quickly as you can in a startup," he said.
However, after leading some of Snapdeal's growth initiatives, Khandelwal decided to go back to working as a business development leader at his former company, a global healthcare giant. He made the move just days before Softbank-backed Snapdeal fired 600 employees in a cost-cutting round. Now, the company is in talks about a possible takeover by Flipkart, a bigger rival.