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Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [2] Snapdeal is one of the top 10 online marketplaces in India. [3] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market.
He worked with Microsoft for a short period, as he went back to India due to a visa issue in 2007. Career. Bahl co-founded the e-commerce company Snapdeal in 2010. In 2022, the company assumed the group corporate identity of AceVector, which houses multiple businesses such as Snapdeal, Unicommerce, and Stellaro Brands.
Flipkart was founded in October 2007 in Bangalore [11] by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. [12] [13] [14] The company was started from a two-bedroom apartment in Kormangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every month.
Jabong.com was an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Kumar Jain. In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform ...
Bansal was born in Malout, Punjab India. He completed his school education at Delhi Public School (DPS) New Delhi and got his bachelor's degree in engineering from Indian Institute of Technology New Delhi. Snapdeal. Bansal cofounded Snapdeal along with his school friend Kunal Bahl on February 4, 2010.
Current status. open. HomeShop18 was an Indian online and on-air shopping channel. It was previously owned by the Network 18 Group division of Reliance Industries but was closed on 24 May 2019 and sold to Skyblue Buildwell Pvt. Ltd. HomeShop18 is the only virtual retailer to have featured in businessworld list of most respected companies in India.
Myntra is an Indian fashion e-commerce company headquartered in Bengaluru, Karnataka, India. The company was founded in 2007-2008 to sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart.