Introduction of Snapdeal

Hello guys,
Today I am going to talk about SnapDeal.

Snapdeal is an online marketplace located at New Delhi, India. The company was started by "Kunal Bahl", a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010.

Snapdeal.com was started in February 2010 as a daily deals platform inspired by Groupon.com but expanded in September 2011 to become an online marketplace. Snapdeal has grown to become one of the largest online marketplace in India offering an assortment of 4 million+ products across diverse categories from over 50,000 sellers, shipping to 4,000 towns and cities in India. In March 2015, Snapdeal brought Amir Khan for the promotion of its website in India.


Description

Name              >>      Snapdeal
Type >>      Private
Founded >>      2010
Headquarters >>      New Delhi, India
Area served >>      India
Founder(s)       >>      Kunal Bahl
Industry >>      Internet
Services >>      E-commerce
Employees >>      2000+
Slogan(s) >>      Bachatey Raho!
Alexa rank >>      155 (March 2015)
Users               >>      20 million
Orders             >>      5 per minutes
Website  >>      www.snapdeal.com

In the year 2012-13 Snapdeal had said that it expected revenues of about INR600 crore (US$94 million). Betting big on the growth of mobile commerce, Kunal Bahl, the CEO, said at the time that 15-20 per cent of the sales on Snapdeal came through m-commerce. Snapdeal.com expected the total sale of products traded on its platform to cross INR2000 crore (US$310 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. In June 2014, Snapdeal announced that it had achieved the milestone of 1000 sellers on its platform getting sales of over Rs 1 crore.

In June 2011, Shiv Nagar, a village located in Muzaffarnagar district in Uttar Pradesh, India, became SnapDeal.com Nagar (nagar means town), after Snapdeal had installed 15 hand pumps for drinking water. The villagers voted to name their hamlet after Snapdeal to express their gratitude.

In the year 2012-13 Snapdeal had said that it expected revenues of about INR600 crore (US$94 million). Betting big on the growth of mobile commerce, Kunal Bahl, the CEO, said at the time that 15-20 per cent of the sales on Snapdeal came through m-commerce. Snapdeal.com expected the total sale of products traded on its platform to cross INR2000 crore (US$310 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. In June 2014, Snapdeal announced that it had achieved the milestone of 1000 sellers on its platform getting sales of over Rs 1 crore.

'It was simply Kunal calling Kunal'
Kunal Bahl in an interview talks about Snapdeal building the most impactful digital commerce ecosystem in the country and recent acquisition of Freecharge
                                                                 - THE TIMES OF INDIA