The Unicorn; Snapdeal; 独角兽企业; 22/174

The Unicorn; Snapdeal; 独角兽企业; 22/174


22.Snapdeal

 

 

Company Information

Valuation $5 billion
Sector Retail
Headquarters New Delhi, India
Founded 2010
CEO Kunal Bahl

 

 

Snapdeal

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, 30 million-plus products and a reach of 6,000 towns and cities across the country[3] Investors in the company include SoftBank Corp, Ru-Net Holdings, Tybourne Capital, PremjiInvest, Alibaba, 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.[4] When Snapdeal acquired FreeCharge[5] in an equity deal, investors Sequoia Capital India, Valiant Capital, Sofina, Ru-Net Holdings, and Tybourne Capital also became shareholders in Snapdeal.
Kunal Bahl

Kunal Bahl is an Indian entrepreneur, co founder and CEO of the e-commerce platform Snapdeal.

Early life

Kunal was born in India and had completed his initial school education at Delhi Public School (DPS) New Delhi. On his consecutive failure to get admission at Indian Institute of Technology (IIT), Kunal went to USA and got his bachelor’s degree in engineering from University of Pennsylvania.[3] Kunal received his business degree from the Wharton School and finished an executive marketing program from Kellogg School of Management. While studying in the US Kunal started a detergent company and worked to sell his product at Walmart stores. Kunal had worked with Microsoft for a short period as he was deported from USA to India due to some visa issue in 2008.

 

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