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The strategy yielded strong results. From 2017 to 2021, Snapdeal's revenue grew by 74% [14] at its peak, while losses were cut by nearly 95%. [15] Between the financial years in 2018 and 2020, the number of unique customers on Snapdeal's platform also tripled to 27 million. More than 90% of Snapdeal's orders came from non-metro users. [4] [16]
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.
These combined closures amount to about 29% of the brand's stores. The parent company divested itself of La Senza in January 2019, which was further affected by the retail apocalypse. [ 303] Vitamin World, a retailer of vitamins and health supplements, filed for Chapter 11 bankruptcy on September 12, 2017.
As recently as 2022, Dollar General described self-checkout technology’s potential to “enhance the convenience proposition, while enabling our associates to dedicate even more time to serving ...
The saga surrounding the bankruptcy of Synapse, a 10-year-old fintech firm, puts a new spotlight on how loose webs of partnerships between venture-backed upstarts and FDIC-backed lenders can go so ...
Some 37% of executives surveyed said they believed customers left following price increases or the cessation of discounts. Yet only 17% of consumers polled agreed. Consumers were more than twice ...
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.
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 ...