Golden
Snapdeal

Snapdeal

A company operating an online marketplace for products such as mobile devices, electronics, apparel and accessories.

Snapdeal is a company operating an online marketplace for products such as mobile devices, electronics, apparel and accessories that is headquartered in Gurgaon, India and was founded in 2010 by Kunal Bahl and Rohit Bansal. The company claims of their website to be "India's fastest online shopping destination".

Funding

Series A

On January 25, 2011 Snapdeal completed their series A funding round with $12 million in funding from Nexus Venture Partners and IndoUS Venture Partners. The company is planning on using their series A funding to expand their services into more cities and bring on new retailers onto their platform. 

Series B

On August 1, 2011 Snapdeal completed their series B funding round with $40 million in funding from Bessemer Venture Partners (lead investor), Nexus Venture Partners and IndoUS Venture Partners. At the time of receiving their series B funding the co-founder of Snapdeal, Kunal Bahl, made the following statement regarding the company's series B funding:

The investment has been done at a valuation that’s forward looking. So now, we’ll have to lead the company into that valuation. The metrics have been good so far. Our investors have invested in other e-commerce ventures and they tell us that we’re the most profitable among that set.



Timeline

October 2, 2019

Snapdeal's sale of digital gift cards rises by 300 per cent.

Funding rounds

News

Title
Author
Date
Publisher
Description
January 5, 2020
The Economic Times
SoftBank made a big-bang entry in the industry in 2014, when it announced three investments totalling $1 bn.
Press Trust of India
October 7, 2019
@bsindia
Read more about Snapdeal claims 52% growth in sales volume, driven by non-metro cities on Business Standard. During the first Diwali sale, held between September 29 and October 6, Snapdeal said that its platform clocked more than 76 million visits in a week which is more than its monthly average
Neha Alawadhi
October 2, 2019
@bsindia
Read more about Snapdeal's digital gift card sales rise 300% during festive season on Business Standard. Snapdeal's digital gift cards can be used both online and in physical stores of leading brands and are valid up to one year
July 23, 2019
Forbes India
The investment validates ecommerce firm Snapdeal's attempts to effect a turnaround, after it was widely written off following the failure of merger talks with rival Flipkart in 2017

People

Name
Role
LinkedIn

Kunal Bahl

Co-Founder



Aarti Kalra

Employee



Abdul Rahman Shaik

Employee



Abhijeet Ganguly

Employee



Abhishek Agrawal

Employee



ABHISHEK BHUSHAN

Employee



Abhishek Gupta

Employee



Abhishek Kumar

Employee



Abhishek Mishra

Employee



Abhishek Sharma

Employee



Abinash barik

Employee



Achutha Sourabh Chellapilla

Employee



Aditya Jain

Employee



Aditya Kela

Employee



Ajay Kumar

Employee



Ajay Singh

Employee



Akash Bhardwaj

Employee



Akshay Chaturvedi

Employee



AKSHAY MATHUR

Employee



Amit Gupta

Employee



Amit Monga

Employee



Amit Nanda

Employee



Amitoj Singh

Employee



Amrik Singh

Employee



Anand Sudhanaboina

Employee



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