Snapdeal :
Snapdeal is an online marketplace, New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010.
Snapdeal was started in February 2010 as a daily deals platform but expanded in September 2011 to become an online marketplace.Snapdeal has grown to become one of the largest online marketplace in India offering an assortment of 10 million products across diverse categories from over 100,000 sellers, shipping to 5,000+ towns and cities in India. In March 2015, Snapdeal brought Amir Khan for the promotion of its website in India. Snapdeal has not contracted any big name for his branding except Aamir khan.
Snapdeal has received 6 rounds of funding:
Round 1: In January 2011, Snapdeal received a funding of $12 million from Nexus Venture Partners and Indo-US Venture Partners.
Round 2: In July 2011, the company raised a further $45 million from Bessemer Venture Partners, along with existing investors Nexus Venture Partners and Indo-US Venture Partners.
Round 3: Snapdeal then raised a 3rd round of funding worth $50 million from eBay and received participation from existing investors – i.e. Bessemer Venture Partners, Nexus Venture and IndoUS Venture Partners.
Round 4: Snapdeal received its 4th round of funding of $133 million on Feb-2014. The 4th round of funding was led by eBay with all the current institutional investors, including Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital all participating.[9]
Round 5: Snapdeal received its 5th round of funding of $105 million in May-2014. The 5th round included investments by Blackrock, Temasek Holdings, PremjiInvest and others. The round valued SnapDeal at $1,000,000,000.
Round 6: Snapdeal received its 6th round of funding in Oct-2014 from Softbank with investments worth $627 million in fresh capital.This makes SoftBank the largest investor in Snapdeal.
Acquisitions
In June 2011, Snapdeal acquired Bangalore-based group buying site, Grabbon.com
In April 2012, Snapdeal acquired esportsbuy.com, an online sports goods retailer based out of Delhi.
In May 2013, Snapdeal acquired Shopo.in, an online marketplace for Indian handicraft products.
In April 2014, Snapdeal acquired fashion products discovery site, Doozton.com.
In December 2014, Snapdeal acquired gifting recommendation site, Wishpicker.com.
In January 2015, Snapdeal acquired a stake in product comparison website Smartprix.com.
In February 2015, Snapdeal acquired luxury fashion products discovery site, Exclusively.in.
In March 2015, Snapdeal acquired 20% stake in Gojavas.com.
In March 2015, Snapdeal entered into the financial services marketplace by acquiring a majority stake of RupeePower which provides a digital platform for financial products to customers. Mr. Tejasvi Mohanram, the founder of RupeePower would continue to be the MD&CEO of the company.
In April 2015, Snapdeal acquired mobile-payments company FreeCharge.com
Snapdeal is an online marketplace, New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010.
Snapdeal was started in February 2010 as a daily deals platform but expanded in September 2011 to become an online marketplace.Snapdeal has grown to become one of the largest online marketplace in India offering an assortment of 10 million products across diverse categories from over 100,000 sellers, shipping to 5,000+ towns and cities in India. In March 2015, Snapdeal brought Amir Khan for the promotion of its website in India. Snapdeal has not contracted any big name for his branding except Aamir khan.
Snapdeal has received 6 rounds of funding:
Round 1: In January 2011, Snapdeal received a funding of $12 million from Nexus Venture Partners and Indo-US Venture Partners.
Round 2: In July 2011, the company raised a further $45 million from Bessemer Venture Partners, along with existing investors Nexus Venture Partners and Indo-US Venture Partners.
Round 3: Snapdeal then raised a 3rd round of funding worth $50 million from eBay and received participation from existing investors – i.e. Bessemer Venture Partners, Nexus Venture and IndoUS Venture Partners.
Round 4: Snapdeal received its 4th round of funding of $133 million on Feb-2014. The 4th round of funding was led by eBay with all the current institutional investors, including Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital all participating.[9]
Round 5: Snapdeal received its 5th round of funding of $105 million in May-2014. The 5th round included investments by Blackrock, Temasek Holdings, PremjiInvest and others. The round valued SnapDeal at $1,000,000,000.
Round 6: Snapdeal received its 6th round of funding in Oct-2014 from Softbank with investments worth $627 million in fresh capital.This makes SoftBank the largest investor in Snapdeal.
Acquisitions
In June 2011, Snapdeal acquired Bangalore-based group buying site, Grabbon.com
In April 2012, Snapdeal acquired esportsbuy.com, an online sports goods retailer based out of Delhi.
In May 2013, Snapdeal acquired Shopo.in, an online marketplace for Indian handicraft products.
In April 2014, Snapdeal acquired fashion products discovery site, Doozton.com.
In December 2014, Snapdeal acquired gifting recommendation site, Wishpicker.com.
In January 2015, Snapdeal acquired a stake in product comparison website Smartprix.com.
In February 2015, Snapdeal acquired luxury fashion products discovery site, Exclusively.in.
In March 2015, Snapdeal acquired 20% stake in Gojavas.com.
In March 2015, Snapdeal entered into the financial services marketplace by acquiring a majority stake of RupeePower which provides a digital platform for financial products to customers. Mr. Tejasvi Mohanram, the founder of RupeePower would continue to be the MD&CEO of the company.
In April 2015, Snapdeal acquired mobile-payments company FreeCharge.com
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