Updated On: 24th February 2020

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About Snapdeal

Snapdeal, the country’s largest marketplace online and the most rapidly growing e-commerce companies came into being in the year 2010 February under the initiative of its founders, Mr Kunal Bahl and Rohit Bansal. The founders took inspiration from the success brought to Alibaba.com and gave a new dimension to their daily deals business, they decided to launch the snapdeal marketplace. The growth of the company is truly phenomenal. In a span of only 2 years Snapdeal traversed its journey from a business of group coupons to a company of billion dollars. The year-after-year growth rate of the company is nearly 600%. According to business statistics, the sales per month in April, year 2013 was around 50-60 crores while in October of the same year, sales swelled to 200 crores.

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Snapdeal online marketplace offers access to the most extensive product range across multiple categories such as Electronics, Mobiles, Apparels, Fashion accessories, books, sports and even alluring services such as Spas, Entertainment, Restaurant. Snapdeal marketplace comes with a plethora of advantages for both buyers and sellers. It is the best one-stop destination for buying high quality affordable goods. The services of Snapdeal touch the high watermark of excellence and stand out as the best in one’s city. Sellers who sell through snapdeal marketplace can get access to huge base of consumers consisting in over 25 million consumers spread across 5000 and more cities. They can list products fast and easy and start selling in as less as 4 hours!

Snapdeal today is a household name in the country. The core values on which the company runs, i.e. Honesty, Openness, Change, Innovation, Ownership pave the way for more and more successes for the company. What makes the company famous and a fond choice for all is their sincere efforts to succeed ideally as a B2C Venture. The first investor who showed trust in the founder\'s vision of Snapdeal was Vani Kola and her Venture Capital Investment firm. After the company took an upward flight there was no dearth of investors. IndoUS Venture partners, Bessemer Venture Partners, Nexus Venture Partners, Kalaari Capital and many others followed in a line. Very recently in August, Year 2015, Snapdeal got investments amounting to 500 million dollar from investors like Softbank, Alibaba Group and Foxconn. With the country headquarters at New Delhi, Snapdeal serves the entire country today.