Snapdeal
Founded Year
2010Stage
Angel - II | AliveTotal Raised
$1.776BMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-42 points in the past 30 days
About Snapdeal
Snapdeal is an online shopping platform that specializes in value-priced merchandise across various categories such as fashion, home, and beauty. It offers a wide selection of products that cater to the needs of value-conscious consumers, focusing on affordability without compromising on quality. Snapdeal primarily serves the e-commerce industry, with a significant customer base in non-metro areas. Snapdeal was formerly known as Jasper Infotech Private Limited. It was founded in 2010 and is based in Gurugram, India.
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Expert Collections containing Snapdeal
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Snapdeal is included in 2 Expert Collections, including E-Commerce.
E-Commerce
11,341 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,276 items
Latest Snapdeal News
Jul 6, 2025
Kunal Shah for building businesses that have remained unprofitable over the past 15 years. While Shah, the founder of Freecharge and CRED, continues to receive attention across media platforms for his vision and ventures, Samalopanan offered a contrarian view, pointing to the stark financials of Shah's companies. "Kunal Shah co-founded Freecharge in 2010," Samalopanan wrote. "By 2015, the company earned Rs 35 crore in revenue but ran up cashback-fuelled losses of Rs 269 crore." He added that Snapdeal acquired Freecharge in 2015 for Rs 2,800 crore, only for the company to be sold two years later to Axis Bank for Rs 370 crore, just 14% of its earlier valuation. Turning his attention to Shah's more recent venture, Samalopanan wrote that CRED, launched in 2018, has reported a cumulative revenue of Rs 4,493 crore but net losses of Rs 5,215 crore in seven years. "Fifteen years into entrepreneurship, he has yet to record a single profitable financial year, so remind me again why we celebrate him?" he asked. Kunal Shah responds Kunal Shah replied in the comments, saying, "Absolutely correct. We should be celebrating thousands of entrepreneurs who have created very profitable companies without external capital." However, Shah also underlined the need to support risk-takers. "We should celebrate everyone who is taking risk in life and being an entrepreneur because in the post-AI world, being a job seeker is going to be more risky. We need more job creators," he added. Online reactions divided The post received a mixed response on LinkedIn, with some users backing Samalopanan's viewpoint and others highlighting Shah's long-term impact. "Absolutely true. I still wonder how such valuations were calculated in 2015… something hidden which we may not know," one user wrote. Another commented: "Profitability matters-but in the startup world, it's not the only thing. Freecharge and CRED changed how people think about payments, credit, and rewards. Shah has sparked conversations, shaped user behavior, and pushed boundaries." Another user added: "I don't know about celebrating anyone but I don't believe in equating loss to failure. Several businesses including Amazon were unprofitable for years but eventually delivered value."
Snapdeal Frequently Asked Questions (FAQ)
When was Snapdeal founded?
Snapdeal was founded in 2010.
Where is Snapdeal's headquarters?
Snapdeal's headquarters is located at 5th-6th Floor, Cyberscape, Sector 59, Golf Course Extension Road, Gurugram (Gurgaon), Gurugram.
What is Snapdeal's latest funding round?
Snapdeal's latest funding round is Angel - II.
How much did Snapdeal raise?
Snapdeal raised a total of $1.776B.
Who are the investors of Snapdeal?
Investors of Snapdeal include Anand Piramal, Nexus Venture Partners, Rohit Bansal, Kunal Bahl, SoftBank and 23 more.
Who are Snapdeal's competitors?
Competitors of Snapdeal include Pepperfry, Wish, Flipkart, FabIndia, One97 Communications and 7 more.
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Compare Snapdeal to Competitors
Naaptol Online Shopping is an online retail platform that offers a range of lifestyle products across various categories. The company provides products including electronics, home and kitchen items, fashion apparel, and accessories, serving the ecommerce industry and catering to customers from metros to the smallest towns in India. It was founded in 2008 and is based in Thane, India.
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