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

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Snapdeal funding round, May 29 2017
May 29, 2017
Nexus Venture Partners
Snapdeal Series D round
Series D round
75,000,000
April 1, 2013
EBay
Snapdeal Series B round
Series B round
40,000,000
September 1, 2011
Bessemer Venture Partners
Snapdeal Series E round
Series E round
75,000,000
August 13, 2013
SoftBank Group
Snapdeal Series A round
Series A round
12,000,000
January 1, 2011
Nexus Venture Partners
Snapdeal Series C round July 2012
Series C round
80,000,000
July 2012
General Atlantic
6 Results
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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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Further reading

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Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
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
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

References

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