Mar 25, 2016 05:14 PM
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(Updated Mar 26, 2016 07:27 PM)
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 currently has 275, 000 sellers, 30 million-plus products and a reach of 6, 000 towns and cities across the country[3] Investors in the company includeSoftBank Corp, Ru-Net Holdings, Tybourne Capital, PremjiInvest, Alibaba.
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.[4] When Snapdeal acquired FreeCharge[5] in an equity deal, investors Sequoia Capital India, Valiant Capital, Sofina, Ru-Net Holdings, and Tybourne Capital also became shareholders in Snapdeal.
