Snapdeal is an online marketplace, based in New Delhi, India. The company was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, 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 Investors in the company include SoftBank Corp, Ru-Net Holdings, Tybourne Capital, PremjiInvest, Alibaba Group, Temasek Holdings, Bessemer Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, Foxconn Technology Group, Blackrock, eBay, Nexus Ventures, Intel Capital, Ontario Teachers' Pension Plan, Singapore-based investment entity Brother Fortune Apparel and Ratan Tata.When Snapdeal acquired FreeCharge in an equity deal, investors Sequoia Capital India, Valiant Capital,
Sofina, Ru-Net Holdings, and Tybourne Capital also became shareholders
in Snapdeal.
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