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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. [3] Snapdeal is one of the top 5 online marketplaces in India. [4] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. [5]
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.
Bansal cofounded Snapdeal along with his school friend Kunal Bahl on February 4, 2010. [ 6 ] [ 7 ] In February 2020, Snapdeal invested in a startup Sanfe that deals in female hygiene products. It also invested in Ola , Bira, Razorpay, Beardo.
[41] [42] In July 2017, Flipkart made an offer to acquire its main domestic competitor, Snapdeal, for US$700 to 800 million. It was rejected by Snapdeal, which was seeking at least US$1 billion. [43] In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around US$20 ...
Kunal Shah is married to Bhavna Shah, [2] who works as a freelance graphic designer. Kunal is known for his active presence on social media platforms, where he often shares insights on various topics including entrepreneurship and consumer behavior.
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, after the buy out of Ibibo by rival MakeMyTrip. The deal was for approximately US$400 million in cash and stock. [2] [3] On 27 July 2017, Axis Bank acquired Freecharge for $60 million. [4]
In October 2013, the company partnered with Snapdeal to buy back mobiles, tablets and laptops. [4] Later Cashify formed partnerships with various original equipment manufacturers, including Amazon, eBay, Infibeam, Apple Inc., Samsung, OnePlus, Oppo, Xiaomi, Vivo and HP, under which these companies offer buy-back services.
Xolo offers Android smartphones in the series: Era, Black, Q, Omega and Play. The company sells its devices only via online marketplaces/ e-commerce websites such as Snapdeal, Flipkart and Amazon [citation needed]. Era series handsets are priced from INR 5,000 to 10,000, whereas Black series ones are priced above Rs. 10,000. [citation needed]