Your browser is currently blocking notification.
Please follow this instruction to subscribe:
Notifications are already enabled.

Snapdeal To Invest $100 Mn In Its Mobile Only Zero Commission Marketplace Shopo

Snapdeal To Invest $100 Mn In Its Mobile Only Zero Commission Marketplace Shopo

Aims To Make It 1 Mn Seller Strong Platform

Gurgaon-based Snapdeal is planning to invest over $100 Mn (about INR 665 Cr.) in its Mobile only zero commission marketplace Shopo. The company aims to make it one million seller-strong platform.

Snapdeal had launched Shopo in July this year as a mobile-only platform, to bring small and medium businesses (SMBs) that cannot register on bigger ecommerce portals.

The company has already managed to get over 20,000 shops on the platform and aims at getting over a million shops in next one year.

Shopo has been developed by a 14 member team, it lets entrepreneurs list their products without submitting any sort of documents and avoid long verification procedure. Neither they have to pay any kind of commission to the company for the sale.

Shopo is inspired by Alibaba’s Taobao, and will look for revenues by means of advertising.

“Look at the Taobao model, we are just like them. We can look at options like advertising to make money. The idea of Shopo is to bring online as many sellers as possible,” Kunal Bahl said.

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Team Inc42

Inc42 Staff

Inc42 is a leading Indian media and information platform, known for its end-to-end coverage of the Indian startup ecosystem. Starting 5 years ago, Inc42 has now become the gateway to the Indian startup ecosystem, having published more than 20,000 stories and touching the lives of more than 20 Million people in India every month.
Loading Next…