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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]
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 ...
[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. [9]
The service competes primarily with Amazon India and domestic rival Snapdeal. [ 7 ] [ 8 ] As of FY23, Flipkart held a 48% market share in the Indian e-commerce industry. [ 9 ] Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra , and was described as being "neck and neck" with Amazon in the sale of ...
In 2016, received an award in Search Marketing at 6th India Digital Awards function. [26] In 2015, won Silver at Effie India Awards for Ghar Wapsi Campaign. [27] In 2015, honored with Advertising Campaign of the Year by Indian e-retail Awards for its TVC, From Ding to Dong. [28] In 2015, termed as the Coolest Start-Up in India by Business Today ...
Bansal was born in Malout, Punjab India. [4] ... Bansal cofounded Snapdeal along with his school friend Kunal Bahl on February 4, 2010. [6] [7] In February 2020, ...