Snapdeal – The Skinny

Snapdeal- The Skinny
This huge Indian E-Commerce and online marketplace site features some 300,000 sellers with around thirty million products.

Snapdeal is a privately owned Indian firm thought to be the biggest E-Commerce company in New Delhi. Founded in 2010 by Kunal Bahl and Rohit Bansal this firm has gone on to become one of only 260 unicorn companies, revered the world over. A unicorn is a company whose value is estimated to be greater than a billion dollars – and Snapdeal smashed that target with a whopping estimated value of 7 billion USD. In fact, Snapdeal made the list back in 2014, proving that once you get to the top of your game, staying there is easy when you know how.

Biggest E-Commerce Company

 

Snapdeal

This huge Indian E-Commerce and online marketplace site features some 300,000 sellers with around thirty million products. It is estimated that they reach around 6000 towns and cities in their native India. Headquartered in New Delhi, this is one of those businesses which thrived as the internet increased in popularity, and it continues to do so to this day.

Snapdeal began life as a daily deals program where they dominated 70% of the market. When they moved into the online marketplace sector they immediately encountered more competition than they were used to. That being said Ebay is now one of their top investors, so it seems that the crew over at Snapdeal must have done something right. With additional funding coming to them from Indo-US Venture Partners, Bessemer Venture Partners. The Soft Bank Group, Blackrock and Alibaba Group – the £7 billion doesn't suddenly see quite so ostentatious.

Development of E-commerce software

Snapdeal have their fingers in many different transactions and have made acquisitions to advance their position. Earlier in its life they acquired Grabbon.com and EsportsBuy, then later Doozton.com and Wishpicker.com. It holds stakes in Smartprix.com, owns Exclusively.in, bought out Gojavas.com and now owns UniCommerce, too. Further acquisitions have been into the area f E-commerce software and development to better hone their main product and tools. A failed merger attempt with Flipkart in 2013 did absolutely nothing to stop the steam train of Snapdeal from rolling on through. They re-branded as Snapdeal 2.0 and continued making money.

With funding from the Softbank Group, Blackrock and the Alibaba Group there seems to be no stopping this wealthy group of online merchants. As long as the internet exists we will need online marketplaces to keep up with demand, and as long as demand exists there will be Snapdeal, offering the best prices from their thousands of suppliers!

List of Services

Online Marketing

Snapdeal is basically a huge online marketplace based in India, if you consider it to be the Indian version of Ebay that might help you to discern exactly what it does.

  • A daily business deals service
  • An online marketplace with nearly 30 million online sellers and all the choice you could ever need.
  • Offer diverse categories and lots of choice for towns and cities across India.
  • Is available in English.

Although the list may be short that doesn't mean that their service isn't highly successful and booming. What we want to know is how much they will grow now should they expand outside of their home country… because the sky is the limit.

Booming Resources

More Information

Should you wish to learn more about Snapdeal you can do so by visiting their website, here.

Previous articleDotCom Magazine Remembers Five Famous DotCom Pivots
Next articleTanium- The Skinny
Andy Jacob is Editor In Chief of DotCom Magazine, and an entrepreneur and investor based in The United States. Jacob is the founder and CEO of DotCom Magazine. Andy Jacob is also the Founder and CEO of The Jacob Group, bringing more than 20 years of executive experience founding and leading startups and high growth companies. A Message From Andy Jacob, Editor In Chief, DotCom Magazine: It is my goal to provide you with the most amazing digital marketing value ever offered. I have been told by leading PR experts that an interview in DotCom Magazine may be one of the best investments that a company can make for their brand portfolio. I know how hard it is for great entrepreneurs to get the publicity that they deserve. My passion is helping entrepreneurs, and that’s why I purchased the assets of DotCom Magazine three years ago. My vision was to build a platform to help deserving founders and CEO’s get the attention they deserve. We have put this video interview program together to help our client’s business by providing them the best tool ever to help them land more customers, and increase their revenue. I have been fortunate enough to have been a guest financial expert on CBS, ABC, NBC, Time Warner, and Bloomberg. I have built four multi-million-dollar businesses in my career, and my companies have been covered by The Wall Street Journal and numerous other periodicals. I have been an Ernst and Young Entrepreneur of The Year Award Winner for my leadership in developing and executing corporate strategy and transformational business practices. After 25 years of building successful businesses, DotCom Magazine is my way to give back to deserving Entrepreneurs, Founders and CEO’s. I firmly believe that your interview with DotCom Magazine may be the best value in digital marketing ever offered. That’s why I guarantee it. My team and I look forward to working with you! Andy Jacob, CEO, DotCom Magazine

LEAVE A REPLY

Please enter your comment!
Please enter your name here

11 + two =