Three year later after when Flipkart first came in, Kunal Bahl, and Rohit Bansal, started Snapdeal.com 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
1. Snapdeal.com came as a daily Deal in 2010
2. Snapdeal expanded in September 2011 to become an online marketplace
3. In July 2011, it raised $57 million in funding.
4. Birth of SnapDeal.com Nagar (Shiv Nagar earlier) in Muzaffarnagar district in Uttar Pradesh, India.
5. Got $50 million from eBay
6. eRetailer of the Year in 2012
7. In 2012-13 Snapdeal generated revenues of about US$95 million (INR 600 crore)
8. Kunal Bahl, the CEO, stated that a large number of shoppers use smartphones to shop from Snapdeal.
9. Snapdeal got the 6th round of funding worth $627 million i.e. more than 4,000 crores from Softbank Japan
10. A fight with Flipkart over Big Billion Day Sale 6/10/2014 …
read “The race for “Discount”, Snapdeal and Flipkart on battlefield“
11. Dil Ki Deal with Aamir
12. Acquired FreeCharge
Read “Snapdeal Acquires FreeCharge To Become The Largest Mobile Commerce Company In India..”
13. Expecting $1 Billion in Sale.
14. Snapdeal now stands as the major competitor in front of Amazon & Flipkart..
You will love to read “The birth and Growth of Flipkart. Read how an eight year old company turned the tides of Indian Ecommerce industry.”
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