Snapdeal's vision is to create India's most reliable and frictionless commerce ecosystem that creates life-changing experiences for buyers and sellers.
With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country, delivering to 6000+ cities and towns in India.
In its journey till now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, Mr. Ratan Tata, among others.
Gets launched as online deals merchant by Kunal Bahl and Rohit Bansal
Acquires Grabbon, a Bangalore-based deals company
Attracts first investor, Nexus Venture, and receives $10 million investment
Gets $45 million more as Bessemer Venture Partners jumps on the investment bandwagon
Decides to shut down deals to become online marketplace offering products to consumers
Initiates marketplace as first 10 sellers come on board to sell their wares
Acquires eSportsbuy.com, an Indian online sports goods retailer
Closes the year with 1000 sellers on board selling their products
Gets investment from global e-commerce giant, eBay
Launches TrustPay - a consumer protection service
Acquires Shopo.in, popular online shopping website
Hits a milestone with 20k+ seller on board now
Receives second round of funding from eBay - $133.77 million
Continues its acquisition spree by buying Doozton.com, a fashion and lifestyle website
Gets another investment boost with investments from industrialist Mr. Ratan Tata, Launches Capital Assist to enable sellers meet their growing working capital requirement
Gets whopping $627 million funding from Japanese multinational corporation, Softbank
Debuts in TV commerce with launch of DEN-Snapdeal TV shop
Acquires another lifestyle website, Exclusively.com
Acquires Freecharge, India's leading website for online recharges