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
TechnologySnapdeal 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
India5 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
India5 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
IndiaSoon, we might see Google's dedicated shopping tab in India
Google could soon introduce a dedicated 'shopping tab' for India.
26 May 2018
IndiaSellers 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
StartupsGoJavas 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
IndiaPaytm 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
IndiaSnapdeal'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
IndiaSnapdeal 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
E-commerceFreeCharge 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
FlipkartSnapdeal 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
FlipkartAxis 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
FlipkartReport: 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
FlipkartFlipkart 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
FlipkartSnapdeal 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 PoliceSnapdeal 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
FlipkartSnapdeal-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
IndiaMakeMyTrip 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 StartupsSnapdeal'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
FlipkartSnapdeal 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
FlipkartSnapdeal 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
FlipkartFlipkart'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
IndiaFlipkart 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
FlipkartCash-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
IndiaSoftBank'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
IndiaSnapdeal 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
FlipkartFlipkart'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 StartupsInvestors 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
FlipkartWill 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 StartupsSnapdeal 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
IndiaFlipkart 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
FlipkartE-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 BahlSnapdeal 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
IndiaAmazon outsells Flipkart for second consecutive month
August's sales figures indicated that Amazon out-sold Flipkart for the second consecutive month.
20 Aug 2016
IndiaOla 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 MalhotraMerging 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
IndiaAmazon- 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 StartupsSnapdeal 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.