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.

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Andy Jacob, Founder and CEO of The Jacob Group, brings over three decades of executive sales experience, having founded and led startups and high-growth companies. Recognized as an award-winning business innovator and sales visionary, Andy's distinctive business strategy approach has significantly influenced numerous enterprises. Throughout his career, he has played a pivotal role in the creation of thousands of jobs, positively impacting countless lives, and generating hundreds of millions in revenue. What sets Jacob apart is his unwavering commitment to delivering tangible results. Distinguished as the only business strategist globally who guarantees outcomes, his straightforward, no-nonsense approach has earned accolades from esteemed CEOs and Founders across America. Andy's expertise in the customer business cycle has positioned him as one of the foremost authorities in the field. Devoted to aiding companies in achieving remarkable business success, he has been featured as a guest expert on reputable media platforms such as CBS, ABC, NBC, Time Warner, and Bloomberg. Additionally, his companies have garnered attention from The Wall Street Journal. An Ernst and Young Entrepreneur of The Year Award Winner and Inc500 Award Winner, Andy's leadership in corporate strategy and transformative business practices has led to groundbreaking advancements in B2B and B2C sales, consumer finance, online customer acquisition, and consumer monetization. Demonstrating an astute ability to swiftly address complex business challenges, Andy Jacob is dedicated to providing business owners with prompt, effective solutions. He is the author of the online "Beautiful Start-Up Quiz" and actively engages as an investor, business owner, and entrepreneur. Beyond his business acumen, Andy's most cherished achievement lies in his role as a founding supporter and executive board member of The Friendship Circle-an organization dedicated to providing support, friendship, and inclusion for individuals with special needs. Alongside his wife, Kristin, Andy passionately supports various animal charities, underscoring his commitment to making a positive impact in both the business world and the community.