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SNAPDEAL

Snapdeal
From Wikipedia, the free encyclopedia

Snapdeal

Type

Online marketplace

Foundation date

2010

Headquarters

New Delhi, India

Area served

India

Founder(s)

 

Kunal Bahl Rohit Bansal Kunal Bahl & Rohit Bansal Internet, Online retailing Electronic commerce 2000+

Key people Industry Services Employees

a Wharton graduate.Slogan(s) Website Alexa rank Type of site Advertising Users Available in Launched Current status Bachatey Raho! www. headquartered in New Delhi. already available for Windows and Android users.[6] . shipping to 4. 4 years ago Online Snapdeal.snapdeal. the company raised a further $45 million from Bessemer Venture Partners.com is an online marketplace. Bessemer Venture Partners. an alumnus of IIT Delhi in February 2010. and Rohit Bansal. Funding[edit] Snapdeal has received 4 rounds of funding totaling to $240 million.com was started in February 2010 as a daily deals platform but expanded in September 2011 to become an e-commerce company via a marketplace model. Nexus Venture and IndoUS Venture Partners.  Round 3: Snapdeal then raised a 3rd round of funding worth $50 million from eBay and received participation from existing investors – i. The app. 19: India (Feb 2014)[1] Online shopping Yes 20+ Million Users English.com 304.  Round 1: In January 2011. Snapdeal received a funding of $12 million from Nexus Venture Partners and Indo-US Venture Partners.Tamil. Snapdeal is one of the first and largest online marketplaces in India[3] offering an assortment of 4 million+ products across diverse categories from over 20.Hindi 2010. The company was started by Kunal Bahl. along with existing investors Nexus Venture Partners and Indo-US Venture Partners. History[edit] Snapdeal.[2] With 20 million registered users.  Round 2: In July 2011. mCommerce[edit] Snapdeal has recently launched its best mobile app[5] for iOS users. India.000 sellers.000[4] towns and cities in India.e. provides users access to Snapdeal's various product categories.

[9][10] In May 2013. the CEO of Snapdeal.[12] Partnership with eBay[edit] In the 3rd round of funding of $50 million eBay came out as the largest investor in Snapdeal. Snapdeal acquired Bangalore-based group buying site. Betting big on the growth of mobile commerce. logistics software and distribution network.[8] In April 2012.com. Round 4: Snapdeal received its 4th round of funding of $133 million on Feb-2014.in. an online marketplace for Indian handicraft products. Snapdeal acquired Shopo. With this round eBay has increased its stake in Snapdeal. an online sports goods retailer based out of Delhi. Snapdeal Co-founder and CEO Kunal Bahl said that eBay's second round of investment in Snapdeal as an endorsement of strategy and progress Snapdeal has made in year.com expects the total sale of products traded on its platform to cross 20 billion (US$330 million) in the fiscal year 2013-14 helped by its robust growth in the past two years and the growing popularity of e-commerce in India. Snapdeal. Kunal Bahl.com.[13] The investment also includes a commercial partnership under which eBay will get access to Snapdeal’s 20 million registered users. leading the round.[16] . said at present 15-20 per cent of the sales on Snapdeal comes through m-commerce. becoming its largest investor.[11] Business results[edit] In the year 2012-13 Snapdeal had said that it expects to garner revenues of about 6 billion (US$98 million). following the partnership. Snapdeal acquired esportsbuy. Nexus Venture Partners. Grabbon.[15] In its 4th round of funding Snapdeal raised fresh capital of $134 million with eBay Inc. Intel Capital and Saama Capital all participating. including Kalaari Capital. [7] Acquisitions[edit]    In June 2010.[14] Snapdeal co-founder Kunal Bahl told the medianama that Snapdeal will offer a limited number of products on eBay India and eBay too will list its merchandise on Snapdeal. The 4th round of funding was led by Ebay with all the current institutional investors. Bessemer Venture Partners.