SnapDeal.com - India's Largest Online Marketplace
Contents
About SnapDeal.com
Snapdeal.com is the leading online marketplace, featuring a wide assortment of products across categories like Mobiles, Electronics, Fashion accessories, Apparel and Footwear, Kids, Home and Kitchen, Sports, Books; and services like Restaurants, Spas & Entertainment amongst others. With over 18 million members, Snapdeal.com is the shopping destination for millions of internet users across the country. It has been rated as the number 1 e-commerce site in India by Dataquest/Sapient E-commerce Survey 2011.
Today one out of 8 internet users in India is subscribed to Snapdeal.com, and the company is growing at the rate of 1.5 million new subscribers per month. The powerful model of retail services & online product e-commerce is something which is very unique to Snapdeal.com. It brings to the customers the opportunity to provide wider variety of choice.
A dynamic and vibrant company, Snapdeal.com provides a fun working environment to its employees and is currently 1000+ people strong. Investors in the company include Bessemer Venture Partners, IndoUS Ventures and Nexus Venture Partners.
Snapdeal’s Growth Ladder
Headquartered in Delhi, Snapdeal.com was launched in February 2010. The company was founded by Kunal Bahl, a Wharton graduate and Rohit Bansal, alumnus of IIT Delhi who are friends since school days. They had decided that after finishing their studies and gaining required work experience, they would start a project of their own.
Since two years of its inception, Snapdeal has registered phenomenal growth. The company is shipping to 4000+ towns and cities in India. It has featured 500+ brands in 200+ categories, having more than 60000+ products in total on the website. Snapdeal ships more than 25000 units per day. Snapdeal has 18+ million registered users.
In January 2011, Snapdeal received a funding of $12 million from Nexus Venture Partners and Indo-US Venture Partners. Subsequently, in July 2011, the company raised a further $40 million from Bessemer Venture Partners, along with existing investors Nexus Venture Partners and Indo-US Venture Partners, taking the total investment in the company to $52 million. In April 2012, Snapdeal earmarked $20 million (around Rs.100 crore) to make up to four acquisitions in the year.
Snapdeal's Acquisitions
In June 2010, Snapdeal.com acquired Bangalore-based group buying site, Grabbon.com.
In April 2012, Snapdeal acquired esportsbuy.com, an online sports goods retailer founded by two IIT alumni, Amit Monga and Prateek Agarwal. Kunal Behl, the CEO of Snapdeal, believes that the acquisition will help Snapdeal expand its operations and strengthen its presence in sports retailing on the web as there any hardly any organised retailers in the sector in India so far.
Snapdeal's Awards and Recognitions
- Snapdeal has been rated the #1 e-commerce site in India, in terms of traction by Dataquest/Sapient E-commerce Survey 2011
- Won the Silver award for the Best website – service category at Indian Digital Media Awards (IDMA) 2011
- Earmarked $20 million (around Rs.100 crore) to make up to four acquisitions in 2012
- Featured in Business Insider as among the 10 Hot Startups to watch for in India
- Awarded the most innovative companies across Asia at 2011 Red Herring Top 100 Asia
Contact
http://www.snapdeal.com/info/contactus
Company Website
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