Snapdeal.com is an online retail website, headquartered in New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate and Rohit Bansal, an alumnus of IIT Delhi in February 2010. Snapdeal started off as a daily deal website and has grown to become one of the largest eCommerce websites in India shipping more than 25,000 products daily.
Snapdeal.com was started in February 2010, as a daily deal platform, but later expanded into product retailing across various categories. Snapdeal claims to have a subscriber base of more than 20 million, has a presence across 4000+ towns and cities. In 2013, Snapdeal has started moving away from product retailing towards pure marketplace model.[citation needed] Snapdeal is one of the largest ECommerce company in India with an assortment of 500,000+ products, 800,000+ books and offer products in over 400 categories. Snapdeal offers multiple payment methods like credit card, debit card, net banking and Cash on Delivery.
In the 3rd round of funding of $50 million Ebay came out as the largest investor in Snapdeal.The investment also includes a commercial partnership under which eBay will get access to Snapdeal’s 20 million registered users, logistics software and distribution network. Snapdeal CoFounder Kunal Bahl told the medianama that Snapdeal will offer a limited number of products on eBay India and eBay too will list its merchandise on Snapdeal, following the partnership.
Snapdeal.com was started in February 2010, as a daily deal platform, but later expanded into product retailing across various categories. Snapdeal claims to have a subscriber base of more than 20 million, has a presence across 4000+ towns and cities. In 2013, Snapdeal has started moving away from product retailing towards pure marketplace model.[citation needed] Snapdeal is one of the largest ECommerce company in India with an assortment of 500,000+ products, 800,000+ books and offer products in over 400 categories. Snapdeal offers multiple payment methods like credit card, debit card, net banking and Cash on Delivery.
In the 3rd round of funding of $50 million Ebay came out as the largest investor in Snapdeal.The investment also includes a commercial partnership under which eBay will get access to Snapdeal’s 20 million registered users, logistics software and distribution network. Snapdeal CoFounder Kunal Bahl told the medianama that Snapdeal will offer a limited number of products on eBay India and eBay too will list its merchandise on Snapdeal, following the partnership.
Awards & Recognition
• eRetailer of the Year & Best Advertising campaign of the year - Indian eRetail awards 2012 organized by Franchise India in Feb,2012.
• Winner of Red Herring Asia Awards 2011.
• E-commerce site of the year at WAT awards that took place in Jan 2012, Mumbai.
• Hottest Internet Companies of the year at the premier edition of the 'Young Turks Awards' organized by Mercedes Benz and CNBC-TV 18 in New Delhi - Jan,2012.
• Rated the #1 e-commerce site in India, in terms of traction by Dataquest/Sapient E-commerce Survey 2011.
• Voted amongst the Buziest brands of India in afaqs's annual buzz-making poll.
• Silver for the Best Website – Service, at the Indian Digital Media Awards 2011, organized by the Exchange 4 Media group - June 2011.
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