Website: snapdeal.com
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Snapdeal is an Indian e-commerce company based in New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate, and Rohit Bansal, an alumnus of IIT Delhi, in February 2010. Snapdeal currently has 275,000 sellers, over 30 million products, and a reach of 6,000 towns and cities across the country. It has received several rounds of funding from various investors, including SoftBank, Alibaba, and Foxconn. Snapdeal offers a wide range of products across categories such as electronics, fashion, home and kitchen, and more. It operates its marketplace model, connecting buyers and sellers on its platform. The company has also ventured into the online services space, offering deals and discounts on various services, including restaurants, spas, and travel. The platform has faced competition from other major e-commerce players in India, such as Flipkart and Amazon. However, it has continued to expand its offerings and reach, aiming to provide a comprehensive online shopping experience to customers across the country. Snapdeal has been involved in various strategic partnerships and acquisitions to strengthen its position in the market. It acquired FreeCharge, a digital payments platform, in 2015, to enhance its e-commerce ecosystem. The company has also focused on building its logistics and supply chain capabilities to ensure efficient delivery of products to customers. In recent years, Snapdeal has undergone significant restructuring and realignment of its business strategy to focus on profitability and sustainability. The company has emphasized cost optimization and operational efficiency to achieve long-term growth and stability in the competitive e-commerce landscape. Snapdeal's journey in the Indian e-commerce industry has been marked by both successes and challenges. As the company continues to evolve and adapt to the dynamic market environment, it remains a prominent player in the online retail space, catering to the diverse needs of Indian consumers."