Ecommerce in India is now a hot-shot market for investments by not only Indian investors, but for global ones as well!
The year 2014 has been the biggest one if we talk about the fundings in the ecommerce segment, with a lot of funding activities taking place. While after Flipkart’s funding and Amazon’s investment in it’s Indian operations, somehow the entire ecosystem was busy in looking at the two as the leaders of ecommerce, but Snapdeal has come back once again in the picture with a bang by raising a whooping $627 Mn from SoftBank making it the largest investor in the company.
Snapdeal has raised over $1 Bn in this year alone and is now valued at over $ 3 Bn.
Since its launch in 2010, Snapdeal has come a long way – it now has more than 25 Mn users with about 50,000 sellers on its website and 40 fulfilment centres across 15 cities.
The online retailer is growing at 600% year-over-year and had reached $1 Bn in sales (gross merchandise value) recently.
Have a look into the Snapdeal journey so far.