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Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [2] Snapdeal is one of the top 10 online marketplaces in India. [3] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market.
Bahl co-founded the e-commerce company Snapdeal in 2010. [6] [7] In 2022, the company assumed the group corporate identity of AceVector, which houses multiple businesses such as Snapdeal, Unicommerce, and Stellaro Brands.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
Alma mater. Indian Institute of Technology Delhi Delhi Public School, R. K. Puram. Occupation. COO Snapdeal. Spouse. Parul Bansal. Children. 2. Rohit Bansal is an Indian entrepreneur, co-founder and COO of e-commerce company Snapdeal. [1][2][3]
The service competes primarily with Amazon India and domestic rival Snapdeal. [ 7 ] [ 8 ] As of FY23, Flipkart held a 48% market share in the Indian e-commerce industry. [ 9 ] Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra , and was described as being "neck and neck" with Amazon in the sale of ...
Freecharge is an Indian financial services company based in Gurgaon. It allows users to pay bills such as electricity, gas and telephone, as well as recharge mobile, broadband, DTH and metro cards. On 8 April 2015, Snapdeal acquired Freecharge in what was referred to as the second biggest takeover in the Indian e-commerce sector at the time ...
Current status. Active. ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd.[2] The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. [3][4] In 2015, ShopClues was valued at US$1.1 billion, [5] with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. [2]
Open Network for Digital Commerce. Open Network for Digital Commerce (ONDC), is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce. It was incorporated on 31 December 2021 with initial investment from Quality Council of India ...