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Snapdeal was founded on 4 February 2010 as a daily deals platform, before expanding to become an online marketplace in October 2011. [7] Unsuccessful merger with Flipkart.
- Snapdeal - About
- Snapdeal - Industry
- Snapdeal - Founders and Team
- Snapdeal - Startup Story
- Snapdeal - Mission and Vision
- Snapdeal - Business Model
- Snapdeal - Revenue Model
- Snapdeal - ESOPs
- Snapdeal - Challenges Faced
- Snapdeal - Funding and Investors
Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal stands as India's premier pure-play value e-commerce platform, ranking among the top online lifestyle destinations. Snapdeal comes under AceVector Group. With a commitment to provide high-quality products at competitive prices, Snapdeal wants to make shopping enjoyable and dependable for the ...
According to Mordor Intelligence, the India e-commerce market is expected to increase significantly, from its anticipated value ofUSD 112.93 billion in 2024 to USD 299.01 billion by 2029 at a compound annual growth rate of 21.5%. Smartphone use and greater internet accessibility are two of the elements driving this trend. The report highlights the ...
Kunal Bahl and Rohit Bansal are the founders of Snapdeal. They started as high school friends and then went on to become business partners when they launched Snapdeal. Believe it or not, together, this duo walked away from a merger deal offered by Flipkart and envisioned and adopted an evaluated focus on the 400 million value-conscious Indian consu...
Back in 2010, when the founders, Kunal Bahl and Rohit Bansal, wanted to start their venture, they came up with an offline couponing business, which was named MoneySaver. This company sold around 15,000 coupons in three months, and that’s exactly when it was time to notch this business to a level up. And hence, Snapdeal wasfounded on February 4, 201...
Themission of Snapdeal is to become the leading value lifestyle omni-channel platform in India. The vision is to enable Bharat's consumers to purchase with confidence and value so they can happily fulfill their dreams. Driven by state-of-the-art technology and a personalized, bilingual interface, Snapdeal is committed to reinventing innovative and ...
Snapdeal operates the digital B2C (Business to customer) marketplace, which allows third-party sellers to sell their products on the website directly to customers. The company operates a portfolio business model. Snapdeal, at its core, operates a matchmaking business model, where it connects online sellers directly to online buyers. It also offers ...
Snapdeal has a diverserevenue strategy, but its main source of income is commissions from sellers, which are calculated as a percentage of the products sold on the platform. This commission-based strategy guarantees a win-win partnership with sellers by directly linking their performance to Snapdeal's income. Additionally, Snapdeal uses marketing c...
Snapdeal has significantly increased its Employee Stock Option (ESOP) pool by 151%, as reported on October 13, 2021. Shareholders approved a resolution to boost the Employee Stock Option Scheme 2016 from 1,98,890 to 5,00,000. This move highlights Snapdeal's commitment to employee engagement and positions the company strategically for future growth....
Every company faces its unique set of challenges, and Snapdeal is no exception. Before Amazon's $3 billion investment and entry into the Indian market in 2016, Snapdeal, which was ranked as the second-best online shopping destination behind Flipkart, faced a significant change in the market. This was the start of a very difficult battle for Snapdea...
Snapdeal hasraised a total of $1.8 billionin funding over 14 rounds. Here is a list of all the funding rounds for Snapdeal:
- 2010
- Gurgaon, Haryana, India
- Kunal Bahl, Rohit Bansal
- E-commerce
Founded in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal is one of the top four online lifestyle shopping destinations of India. Snapdeal brings together a wide assortment of good quality and value- priced merchandise on its platform.
Founders of Snapdeal. Snapdeal set a niche for itself in the sphere of e-commerce in India. In 2010, when Kunal Bahl and Rohit Bansal wanted to start their own business, they chose an offline couponing business and named it MoneySaver. 15000 coupons were sold in three months and it was time to take the business to the next level. Initial Investment
Jun 13, 2024 · Snapdeal, one of India’s prominent e-commerce platforms, began its journey in 2010, founded by Kunal Bahl and Rohit Bansal. Bahl, a Wharton graduate, and Bansal, an alumnus of the Indian Institute of Technology Delhi, envisioned creating a company that could revolutionize the retail landscape in India.
Bahl co-founded the e-commerce company Snapdeal in 2010. [6] [7] In 2022, the company assumed the group corporate identity of AceVector, which houses multiple businesses such as Snapdeal, Unicommerce, and Stellaro Brands. [8]
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Feb 20, 2014 · In a short entrepreneurial journey that began in 2007, friends-turned-business partners Kunal Bahl and Rohit Bansal found themselves facing a day to forget in just two years.
