Snapdeal is an online marketplace , based in
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 currently has 275, 000 sellers, over 30 million products and a reach of 6, 000 towns and cities across the country [2] Investors in the company include
SoftBank Corp , Ru-Net Holdings, Tybourne Capital, PremjiInvest, Alibaba Group , Temasek Holdings , Bessemer Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, Foxconn Technology Group, Blackrock, eBay, Nexus Ventures, Intel Capital , Ontario Teachers’ Pension Plan, Singapore-based investment entity Brother Fortune Apparel and Ratan Tata .
[3] When Snapdeal acquired FreeCharge[4] in an equity deal, investors Sequoia Capital India, Valiant Capital, Sofina, Ru-Net Holdings, and Tybourne Capital also became shareholders in Snapdeal.
History
Snapdeal was started on 4 February 2010 as a daily deals platform, but expanded in September 2011 to become an online marketplace. [5] Snapdeal has grown to become one of the largest online marketplace in India[6] offering an assortment of 10 million products across diverse categories from over 100, 000 sellers, shipping to more than 5, 000 [7] towns and cities in India. In March 2015, Snapdeal brought actor