Snapdeal is owned by Jasper Infotech, a holding company. The company began as a coupon booklet company in 2007 and evolved into an online deals platform in 2010. After that, in 2012, it became an online marketplace. The portal offers a diverse range of items from a variety of lifestyle areas. It caters to consumers around the country, with a focus on value buyers in the mid-income bracket. Snapdeal is a renowned e-commerce portal headquartered in New Delhi. Kunal Bahl and Rohit Bansal launched the company in 2010. Snapdeal began as a daily deal platform on February 4, 2010, and developed into an online marketplace in September 2011.
Snapdeal has risen to become one of India’s most popular online marketplaces. Snapdeal is concentrating its efforts on the value ecommerce category, which is three times larger than the branded products industry. Snapdeal sellers offer high-quality items that offers clients exceptional value for money, akin to what would be sold in city marketplaces and high streets. The majority of the products sold by Snapdeal’s over 500,000 independent sellers are in the fashion, home, and general commerce categories. Snapdeal is used by buyers from around 3,700 towns across India, accounting for 92 percent of the country’s total 4,000 towns and cities. Over 60 million products from local to multinational brands are sold through the company’s 800 categories. SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, and Mr. Ratan Tata are just a few of the global investors and personalities who have worked with Snapdeal.
In the beginning, the company was founded on the notion of a daily deal, and in 2011, it evolved into an online marketplace. According to the company’s data, over 5 lakh independent sellers sell on the Snapdeal marketplace, and over 3700 town buyers buy from the online market.
Snapdeal IPO Listing Date & Price Band
|IPO Size:||₹1250 Crores|
|Offer for Sale:||Approx ₹1250 Crores|
|Face Value:||₹1 Per Equity Share|
|Price Band:||₹ to ₹- Per Share|
|Listing on:||BSE & NSE|
Snapdeal IPO Market Lot
The Snapdeal IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to 13 lots, – shares with ₹- application amount.
|Minimum Lot Size:||Minimum – Shares for 1 lot|
|Minimum Amount:||₹- for 1 lot|
|Maximum Lot Size:||Maximum – Shares for 13 lot|
|Maximum Amount:||₹- for 13 lot|
Advantages of the company
- Snapdeal is India’s most popular online value e-commerce site.
- It is one of the top four lifestyle purchasing places on the internet.
- The company has a number of seasoned promoters and investors.
Disadvantages of the company
- The company has been losing money for several fiscal years and is expected to continue losing money in the future.
- The company is having trouble distinguishing itself from other e-commerce platforms.
- Snapdeal’s impact on the Covid-19 epidemic is yet unknown.
- In the fiscal year 2021, the corporation made a loss of 126 crores.
- Snapdeal is experiencing stiff competition from Amazon and Flipkart, and its stock is steadily declining.