In 2010 Kunal Bahl and Rohit Bansal founded Snapdeal in New Delhi. It is India’s largest online eCommerce marketplace and its headquarters is in Gurgaon, India. The price difference seems to be three times that of an ordinary store. Snapdeal is open for appliances like fashion, home and general commodities. They get all these products from over 5lakhs sellers around the world.
| Official Name | Snapdeal Private Limited |
| Founded in | 2010 |
| Founder | Kunal Bahl and Rohit Bansal |
| CEO | Kunal Bahl |
| Type | Private |
| Available areas | Worldwide |
| Status | Active |
| CIN | U72300DL2007PTC16809 |
| Headquarters | Haryana |
| Revenue | ₹ 510 crores |
| Net Worth | |
| No. of employees | 1001 – 5000 ≈ |
| Monthly visits | 10,273,803 |
| GST no. | 06AABCJ8820B1ZY |
| PAN | AABCJ8820B |
| Category | eCommerce and Shopping |
| Company Class | 35 |
| Website | www.snapdeal.com |
| Available as | Website, Android and iOS |
| Social platforms |      |
Journey
The journey of Snapdeal begins with the CEO and Co-founder. Kunal and Rohit are high school friends and then become business partners. Back in 2010, they both started a couponing trade. They sold over 15000 coupons in three months. From there they took inspiration to do this coupon business online. They established this firm on February 4, 2010.
It acts as a daily deal store providing offers, coupons and discounts. Then, it expanded into an online shopping store in 2011. The Snapdeal board declined to merge with Flipkart in 2017 after many proposals and meetings due to various reasons.
Snapdeal 2.0
After a great fall, the company came back into force as Snapdeal 2.0. It focuses on non-core products as its main business and came back with a boom. The strategy worked well, and had a huge profit, compensating for its loss. The customer also grew by around 27 million around the world. The 2.0 sells products that have a very low-cost operation.
Ties with sellers
Focusing on non-metro users as core customers have boosted the company’s revenue. This eCommerce has partnered with Himalaya, Godrej, Mamaearth, and more. This helps in selling those goods directly on their eCommerce platform.
Vision
The vision is to provide the people of India the joy of living their aspirations through reliable value-for-money shopping. And they are standing by their vision.
Mission
The mission is to be India’s lifestyle omnichannel leader. They also plan to build a valued ecosystem for its customers, so that it can continue to provide service to its consumers.
Service
They offer customers a valuable, reliable product. The multilingual interface makes it easier for people from different regions to communicate with each other. They sell products that are functional and long-lasting. Thus, giving the customers mutual trust in their business.
Reaching out
Snapdeal took a step, which no other eCommerce platform did not take. While other online marketing retailers focused on the metro and cities around them as their main focus for their business, they focused on the areas and towns that can’t be reached easily, as their customers. They went a step-down, down to reach customers who are middle-income, value-seeking, and price-conscious. Through their third-party logistics, they developed their business. This helped in delivering more than 2500 towns and cities. And it is in the idea of expanding it further.
Values
Some genuine values that hold to keep up with their business are:
- 100% secure payment – It is not a scam where they let you pay and do not deliver the products. They are reliable and trustworthy. 100 per cent secure in their payment system. Your information won’t be shared with anyone else. This is a one-way payment process.
- Trustpay – You can be so sure with your payment. All transactions are secured and protected. In case of any cancellation of the products they also have a return policy to refund your money.
- Help center – They have 24*7 help support. If you have doubts, queries, or problems, you can check their FAQs.
Products
It has an assortment of around 15 million products that are readily available with possible quick delivery. All 15 million products are categorized into 800plus entities. These are gathered from 125000 national, international, and regional retailers. The below image shows the top categories available on Snapdeal ranging from Men’s fashion, Women’s fashion, home & kitchen, toys, kids’ fashion, beauty and health necessities. And there are a lot of products available under each of these categories.
Snapdeal Online shopping
With a boom of online shopping going on trend, it has made its land in this race by providing deliveries even to remote places. They also have lightning deals, offers, and discounts that attract people for bulk orders. All of these attributes helped the company to reach heights in sales and profit.
Snapdeal Seller
It has sellers, around every place. Like how you order a product, it is the same process as becoming a seller. They have assistance throughout so it will be an easy walk to becoming a seller.
Revenue
It acts as a B2C that is, business-to-customer enterprise. Its core target is the matchmaking business model. This is connecting the seller, retailer, and customers of the same interest. This helps in logistical support to both the seller and the customer. In 2021, it opened its selling quality products at an affordable price to its customers and closed ties with high-end brands.
Wrap up
Snapdeal has seen its worst and best, our partners have started this online eCommerce platform from scratch. From selling coupons offline to selling goods at deals, it has overcome lots of hurdles and struggles. Though they have competitors like Amazon and Flipkart. It has set out its lane in this race and will continue to do in coming years by providing quality products at affordable prices that long last. They believe in their customers and strive to gain their trust through their business.
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FAQ
Is Snapdeal owned by Flipkart?
No, a proposal was made by this company to merge with Flipkart in 2017. But later it was declined.
Who is the owner of Snapdeal?
Kunal Bahl is the owner of this firm from 2010 to the present till date.
Is it good to shop from Snapdeal?
Yes, it is. They do not sell any fake products. So they can be genuinely trusted.
What is the customer care number of Snapdeal?
092126 92126 is the customer care number of Snapdeal.
