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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.
August 13, 2013
Snapdeal raises a $75,000,000 series E round from SoftBank Group.
April 1, 2013
Snapdeal raises a $75,000,000 series D round from EBay, Intel Capital and Saama Capital.
July 2012
Snapdeal raises a $80,000,000 series C round from General Atlantic.
September 1, 2011
Snapdeal raises a $40,000,000 series B round from Bessemer Venture Partners and Nexus Venture Partners.
January 1, 2011
Snapdeal raises a $12,000,000 series A round from Nexus Venture Partners.

Funding rounds

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

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Further reading

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Documentaries, videos and podcasts

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Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Livemint
July 6, 2021
mint
In June, Snapdeal appointed Girish Koppad as the company's Vice President & Head of Technology, who joined the company from Samsung
Staff Writer
May 10, 2021
mint
The Sanjeevani platform can be accessed via website and mobile app, allowing patients and donors to register themselves with their mobile numbers and email IDs, while providing relevant information like blood group, location, age and donor recovery date
Special Correspondent
May 10, 2021
The Hindu
E-commerce firm Snapdeal on Monday launched a new platform which can be used to connect COVID-19 patients with potential plasma donors.The platform, called 'Sanjeevani', is accessible via website as w
Saumya Tewari
April 19, 2021
mint
With a current userbase of 30 million, Snapdeal works with a community of 5 lakh sellers. Around 80-85% of its traffic comes from non-metro cities where value buying is prominent
January 16, 2021
https://www.outlookindia.com/
Snapdeal has contested the move and said the act was based on 'factually incorrect' information that raised concern over piracy and counterfeiting issues
Press Trust of India
January 16, 2021
@bsindia
Snapdeal and four Indian shopping complexes have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy issued by the Office of the US Trade Representative (USTR)
Peerzada Abrar
January 15, 2021
@bsindia
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy
Press Trust of India
January 15, 2021
@bsindia
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy
Press Trust of India
December 24, 2020
@bsindia
E-commerce marketplace Snapdeal said its consolidated revenue from operations has grown marginally to Rs 846.4 crore in FY20
Staff Writer @ LiveMint
December 18, 2020
DealStreetAsia
This facility is aimed at new users who are not comfortable in pre-paying for the goods at the time of purchase.
Press Trust of India
December 17, 2020
@bsindia
Snapdeal said it has partnered with National Payments Corporation of India (NPCI) to allow shoppers to make QR-based digital payments at the time of accepting delivery of their orders
Press Trust of India
August 26, 2020
@bsindia
E-commerce major Snapdeal on Wednesday said it has added eight logistics centres to its network across manufacturing hubs, including Mathura, Noida and Mumbai, ahead of the festive season.
Press Trust of India
August 18, 2020
@bsindia
The demand for pulse oximeter has spiked more than 300 per cent since the first Covid-19 case was identified
Press Trust of India
July 1, 2020
@bsindia
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce platforms Amazon, Flipkart and Snapdeal seeking their stand on the plea by July 22.
Peerzada Abrar & Neha Alawadhi
May 4, 2020
@bsindia
At the e-commerce giant Flipkart, the teams first prioritised the areas and regions as per essential delivery guidelines by the government and then scaled it across cities
March 18, 2020
The Economic Times
Data modelling suggests that a lockdown now vs 30 days later might help save 5 times more lives, startups said.
Press Trust of India
January 29, 2020
@bsindia
The posterboy of Indian e-commerce relied on wit to illustrate the changed dynamics
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
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References

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