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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.
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.
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[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 also the co-founder of Titan Capital, [ 9 ] a leading early stage venture capital firm that has invested in many startups like Ola , Urban Company, Mamaearth, Ofbusiness ...
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 ...
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 ...
Chandrasekaran started his career in 2001 by co-founding Aeroprise. [4] He was the Director of Product at Openwave. [5] In 2011, he joined Yahoo as the senior director of mobile and search, and in 2014 he quit his job from Yahoo. After that he joined as the Chief Product Officer of Bharti Airtel. While being the CPO of Airtel, he launched the ...
The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. [ 4] With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund.