Snapdeal is an Indian e-commerce company, based in New Delhi, India.
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15 Facts About Snapdeal
3.
Sellers on Snapdeal offer products that are value for money and of good quality, similar to what can be found in local markets in cities.
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4.
Snapdeal was founded on 4 February 2010 as a daily deals platform, before expanding to become an online marketplace in October 2011.
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5.
Snapdeal's focus on the value e-commerce segment has led Indian FMCG companies such as Godrej and Himalaya to use its platform to sell their brand products.
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6.
Snapdeal responded that the report "reflected a blinkered and flawed view of the world that not only fails to make a distinction between the respective roles of brands, sellers and platforms, but wilfully ignores the applicable laws in various jurisdictions, including in India".
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7.
Snapdeal sent a notice to the USTR asking for the statements made in the report to be retracted, and for a corrigendum to be issued.
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8.
Snapdeal is a member of the International Trademark Association, which has over 7200 members from 187 countries that pledge to protect intellectual property on online marketplaces.
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9.
In February 2014, Snapdeal raised US$133 million in a round led by eBay together with Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital.
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10.
In May 2017, Snapdeal raised funding worth ?113 crore from Nexus Venture Partners.
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11.
In December 2021, it was reported that Snapdeal is planning to raise US$250 million in an initial public offering.
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12.
Snapdeal announced that it intends to enter the offline retail space in smaller Indian cities.
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13.
In June 2010, Snapdeal's holding company Jasper Infotech acquired Bengaluru-based group buying website Grabbon.
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14.
In 2014, Snapdeal acquired Doozton, a fashion product discovery technology platform, and Wishpicker, a technology platform that uses machine learning to deliver recommendations for gift purchases.
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15.
Snapdeal made multiple acquisitions in 2015, acquiring a stake in product comparison website Smartprix in January, before acquiring a discovery site for luxury fashion products, Exclusively.
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