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About Snapdeal
Company Overview:
- Snapdeal is an Indian e-commerce company that connects buyers to sellers of millions of products from national, international, and regional brands. It is one of the largest e-commerce marketplaces in India, with over 200 million listings and a wide range of products across 600 categories. The platform hosts a wide selection of merchandise across lifestyle categories: fashion; home and general merchandise; beauty and personal care; and others.
- Snapdeal's mission is to "help Indian families unlock and achieve their aspirations through reliable, value-for-money shopping." The company's vision is to be "India's value lifestyle omni-channel leader."
- Snapdeal brings together a wide assortment of good quality and value-priced merchandise on its platform. Snapdeal's vision is to enable the shoppers of Bharat to experience the joy of living their aspirations through reliable, value-for-money shopping.
- With a personalized, multilingual interface and cutting-edge technology, Snapdeal has simplified the shopping experience for its value-conscious buyers by showcasing the most relevant products- products that are a good functional fit with their needs and of a quality that lasts- thereby delivering true value to its customers. With its commitment to high service standards, Snapdeal suppliers operate under a well-structured ecosystem that enables them to offer great quality products at affordable prices.
- With a majority of the value-seeking, middle-income, price-conscious buyers coming from the non-metros, Snapdeal’s logistics networks powered by third-party logistics cover more than 96% of India’s pin codes enabling order deliveries to more than 2500 towns and cities and expanding.
- With over 200 million app installations on the Google Play Store, we are the most installed pure-play value eCommerce application and one of the top four online lifestyle shopping destinations in terms of total app installations in India, as of August 31, 2021.
- In recent years, Snapdeal has focused on improving its profitability and customer experience. The company has reduced its operating costs and streamlined its operations. Snapdeal has also invested in improving its logistics and delivery network.
- Snapdeal was founded in February 2010 by Kunal Bahl and Rohit Bansal, with its registered office on the 6th Floor, Cyberscape, Golf Course Extension Road, Sector-59, Gurugram, Haryana- 122002.
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Snapdeal Media
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22 Jun 2023
• The New Indian Express
25 Feb 2023
• The Business Line
03 Jan 2023
• The Economic Times
Frequently Asked Question (FAQs)
What is the market share of Snapdeal?
Snapdeal is currently holding 13% of the market in the Indian market for e-commerce. Although Flipkart and Amazon are the dominant players with 86% percent of market shares, Snapdeal has carved out an important market share, particularly in the price-conscious market. they focus on Tier II and Tier-III cities. They offer low-cost products to customers within these regions.
What is the value of Snapdeal?
Snapdeal's valuation at present is lower than its prior value, but it has seen improvements in its financials. In 2016, the company was worth $6.5 billion, however by 2021 it was worth more than 800 million dollars. In the fiscal year ending March 24, Snapdeal's revenues from operations increased to 379.76 crore, and its net loss slowed to just Rs160 crore in financial reports.
Who owns Snapdeal?
Snapdeal is owned by Jasper Infotech Private Limited, which is the parent organization of the company. The founders, Kunal Bahl and Rohit Bansal, also hold significant ownership and influence within the company.
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