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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.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] 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 ...
Open Network for Digital Commerce. Open Network for Digital Commerce ( ONDC ), is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce. It was incorporated on 31 December 2021 with initial investment from Quality Council of ...
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Leena Rao. 6:05 PM PDT • May 20, 2014. Comment. Snapdeal, one of the larger online e-commerce companies in India, has raised $100 million from Temasek, BlackRock, Myriad, Premji Invest and ...
Snapdeal, the eBay-backed Indian marketplace, has launched local language versions of its site in a move aimed at wooing over one-third of the country’s non-English speaking Internet users ...
The Indian e-commerce market, which is currently dominated by Flipkart and Amazon, is expected to be worth $133 billion by 2025, up from $24 billion in 2018, according to analysts at Bernstein.
Shopsy is a zero-commission marketplace model for sellers in India . It is a digital commerce initiative by Flipkart, the Bengaluru -headquartered and Walmart-owned e-commerce company with over US$7.7 billion in annual revenue (FY 2022). [ 21][ 22]