Search results
Results from the WOW.Com Content Network
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]
He was instrumental in transforming the company from a monthly loss of over US$20 million to a profit [15] with his “Snapdeal 2.0” [16] strategy and plan. [17] During his time at Snapdeal, Kothari was also the CEO of distressed digital payments company, FreeCharge. Kothari led the sale of FreeCharge for $60 million to Axis Bank. [18]
[6] [7] In 2022, the company assumed the group corporate identity of AceVector, which houses multiple businesses such as Snapdeal, Unicommerce, and Stellaro Brands. [ 8 ] He is the Promoter of Unicommerce, a SaaS company in India, which had its IPO in 2024 becoming on the most highly subscribed IPOs of the year.
Rohit Bansal is an Indian entrepreneur, co-founder and COO of e-commerce company Snapdeal. [1] [2] [3] Early life. Bansal was born in Malout, Punjab India. [4]
In 2015, he left Bharti airtel and then he joined as the CPO of Snapdeal. [1] In 2016, he resigned from Snapdeal. [6] In 2016, he joined as the Director of Platform Partnerships for Messenger at Facebook. [7] He worked at Facebook for three years and left at 2019. He was the executive vice president of product management at Five9. [8]
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]
This page was last edited on 17 September 2017, at 14:02 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.