Snapdeal: News

Snapdeal is an Indian-origin e-commerce website. The platform was co-founded by The Wharton School alumnus Kunal Bahl and Indian Institute of Technology Delhi (IIT-D) alma mater Rohit Bansal in 2010. What started as a daily deals platform became an online marketplace in 2011. Snapdeal’s vision is to create India’s most reliable and frictionless commerce system that creates “life-changing experiences for buyers and sellers”. As of 2021, Snapdeal offers over 35 million products from 800+ categories including offerings from 125,000 brands and retailers. Snapdeal has a broad reach with approximately 300,000 sellers catering to customers in 6,000+ cities and towns in India. Since its inception, Snapdeal has made a mark for itself in a space dominated by platforms including Amazon, Walmart-backed Flipkart, Tata Cliq, and Reliance Industries’ Ajio. Snapdeal has partnered with marquee investors and individuals including SoftBank, BlackRock, Singapore’s Temasek Holdings, Foxconn, Alibaba, eBay inc., Premji Invest, Intel Capital, and Indian business tycoon Mr. Ratan Tata among others.

16 Sep 2020


Snapdeal starts testing robots for order deliveries: Details here

The spread of the COVID-19 pandemic, which has killed nearly a million around the world, has made contact-less technology the need of the hour - across several sectors and roles.

10 Mar 2019


5 apps for students to make money while in college

Are you a college student looking to make some quick money to cover your expenses?

03 Feb 2019


5 apps for students to make money while in college

Are you a college student looking to make some quick money to cover your expenses?

15 Oct 2018


Soon, we might see Google's dedicated shopping tab in India

Google could soon introduce a dedicated 'shopping tab' for India.

26 May 2018


Sellers drag Snapdeal to courts over non-payment of dues

According to reports, Gurugram-based e-commerce company Snapdeal has been dragged to courts by two of its sellers, Veepee Electronics and Spacewood Furnishers, over alleged non-payment of dues.

07 Oct 2017


GoJavas sends Rs. 300cr legal notice to Snapdeal

Quickdel Logistics, the parent of GoJavas, has sent a Rs. 300cr legal notice to Snapdeal founders Kunal Bahl and Rohit Bansal and Jasper Infotech, the entity than runs Snapdeal.

04 Sep 2017


Paytm Mall's festival marketing budget is a whopping Rs. 1000cr

This festival season, India will witness one of the biggest e-commerce wars. Reports show that Paytm Mall's budget, for cash back, marketing, and promotions for September-October, is a whopping amount of Rs. 1,000 crore.

01 Sep 2017


Snapdeal's 3-day sale offers discounts of up to 70%

Indian e-commerce firm Snapdeal today announced a three-day long sale offering "double digit" discounts on consumer favourite categories like electronics, fashion, and home.

01 Aug 2017


Snapdeal 2.0, the story of not giving in to pressure

Snapdeal is ready to bend but it's not ready to snap. There will be no sale.

31 Jul 2017


FreeCharge staff gets retention bonus, Snapdeal 2.0 begins

Post announcement last week that FreeCharge will now be sold to private sector lender Axis Bank for Rs. 385 crore, employees are now being given six-month retention bonus to ensure that the integration takes place without any hiccups.

31 Jul 2017


Snapdeal calls off merger talks with Flipkart

Six months after intense negotiations, Snapdeal has called-off talks with Flipkart regarding a potential merger.

27 Jul 2017


Axis Bank acquires FreeCharge for Rs. 385crore in cash deal

Axis Bank reported that they have acquired FreeCharge, owned by ecommerce platform Snapdeal, for Rs. 385 crore in an all-cash deal.

26 Jul 2017


Report: Snapdeal board accepts $900-950 million revised offer from Flipkart

After months of suspense and speculations, the future of Snapdeal has finally been decided. According to Reuters, the Snapdeal board has accepted the revised offer of $900-950 million by Flipkart.

18 Jul 2017


Flipkart makes offer of $850 million for Snapdeal, plot thickens!

Post rejection of its earlier bid of $500-600 million, Flipkart has now made its second bid for e-commerce firm Snapdeal at $850-900 million, according to reports.

05 Jul 2017


Snapdeal says no to Flipkart's offer, haggles over valuation

Indian television serials are infamous for stretching out episodes. However, they'll still come second to the drama that is being played out at Snapdeal.

24 Jun 2017

Delhi Police

Snapdeal files FIR against former GoJavas' promoters

Snapdeal's parent company, Jasper Infotech, has registered a First Information Report (FIR) with the Economic Offences Wing of the Delhi Police against former senior executives of Quickdel Logistics which owns e-commerce logistics company GoJavas.

23 Jun 2017


Snapdeal-Flipkart merger comes to a halt as Azim Premji objects

According to reports, Snapdeal's merger with rival Flipkart has hit one more roadblock, which can potentially drive down the embattled firm's agreed upon valuation of $1 billion for the sale, if not jeopardize the deal completely.

01 Jun 2017


MakeMyTrip trolled for co-founder's tweet on beef

MakeMyTrip has come under attack after a co-founder protested the Centre's laws on cattle slaughter.

30 May 2017

Indian Startups

Snapdeal's future gets messier with unexpected funding, issuance of shares

Just when you thought the Snapdeal saga was at its very end, there is a new twist in the tale.

11 May 2017


Snapdeal founders and Nexus agree, Flipkart to buy Snapdeal

According to ET Now, Nexus and the founders of Indian online marketplace Snapdeal have reached an agreement with SoftBank Group over the much anticipated sale of Snapdeal to its larger Indian rival Flipkart.

03 May 2017


Snapdeal initiates payments of laid-off employees

Two months after layoffs at Snapdeal, the company has begun initiating due payments of the 1,000-1,500 affected employees; severance packages reportedly range between 2-4 months of salaries.

03 May 2017


Flipkart's acquisition brings along mixed fortunes for Indian e-commerce space

Consolidation in e-commerce might bode well for giants but now things get divided into a series of pros and cons for the consumers when the options start to thin out.

27 Apr 2017


Flipkart outpaces Amazon in volume of sales

Flipkart is defeating Amazon in terms of value of goods sold, even as the American company continues to sell as many items as the Indian retailer.

25 Apr 2017


Cash-strapped Snapdeal vacates 60% of Gurgaon office space

In yet another sign of a severe cash-crunch, Snapdeal is vacating 60% of its Gurgaon office-space after mass layoffs in February.

20 Apr 2017


SoftBank's tryst with India's start-up scenario

SoftBank may have tasted failure with Snapdeal but it still believes in making a profit with its Indian investments.

16 Apr 2017


Snapdeal gets two fatal blows among acquisition talks

Amidst acquisition talks, Snapdeal gets hit with two more devastating incidents that could potentially cripple the already faltering home-grown e-commerce giant.

10 Apr 2017

Indian Startups

'Team's well-being top priority': Struggling Snapdeal assures employees

In the third placatory communication to employees in two months, Snapdeal founders Kunal Bahl and Rohit Bansal said their well-being is "top priority".

06 Apr 2017


Flipkart's mergers if okayed, starts the proper e-commerce war

The market is currently ripe with rumours regarding two major Flipkart mergers - one with eBay and another with Snapdeal.

05 Apr 2017

Indian Startups

Investors clear decks for Snapdeal sale

SoftBank Group Corp, Kalaari Capital and Nexus Venture Partners, who invested in Snapdeal are preparing to sell the company to one of its competitors- either Flipkart or Paytm.

23 Mar 2017


Will Indian e-commerce giants show profit anytime soon?

Currently, there are three major players in the Indian ecommerce space - Flipkart, Paytm and Snapdeal.

22 Feb 2017

Indian Startups

Snapdeal fires 600 employees, founders take a 100% paycut

According to reports, Indian e-commerce firm Snapdeal is letting go 600 of its employees in order to cut back on spending.

16 Feb 2017


Flipkart sales exceeded Amazon's in December, January

In December 2016 and January 2017, Flipkart Internet Pvt. Ltd's gross sales were more than Rs. 2,600 crore.

21 Jan 2017


E-commerce sector losses could remonetize economy

E-commerce sector biggies like Flipkart, Snapdeal and Amazon have cumulatively reported an increase of 51% of total losses amounting to Rs.11,754 crore.

20 Sep 2016

Kunal Bahl

Snapdeal makes strategic shift with wholesale entity

With a significant shift in strategy, Snapdeal is moving away from the marketplace model by setting-up a wholesale unit.

13 Sep 2016


Amazon outsells Flipkart for second consecutive month

August's sales figures indicated that Amazon out-sold Flipkart for the second consecutive month.

20 Aug 2016


Ola to shut down TaxiForSure; lays off several employees

ANI Technologies that runs app-based cab service provider Ola has announced that it would close TaxiForSure (TFS), which it had acquired in Mar'15.

19 Aug 2016

Manish Malhotra

Merging talks explored by Snapdeal, Flipkart, Amazon

According to sources aware of the development, Snapdeal has initiated preliminary talks with rivals Flipkart and Amazon with regards to probing a potential merger.

22 Jul 2016


Amazon- the most downloaded retail app; beats Flipkart

Amazon beat Flipkart, becoming the most downloaded retail mobile app in India on Apple's App Store and Google Play store.

15 Feb 2016

Indian Startups

Snapdeal raises new round; valuation up by $2 billion

Snapdeal has raised another $200 million or Rs.1,367.6 crore, just seven months after it raised $500 million.

19 Aug 2015

Indian Startups

$500 million fresh funding for Snapdeal

Snapdeal raised $500 million in fresh funds from Chinese e-commerce firm Alibaba Group, Foxconn Technology Group and existing investor SoftBank Group.