Snapdeal

Snapdeal founder Kunal Bahl shared the achievement in a twitter post

Ecommerce companies are estimated to generate around $4.8 Bn in sales during this year’s festive season

Snapdeal has recently announced three separate online stores targeting festive specific needs

The three stores would be focussed around product needs for Karva Chauth, Dhanteras and Diwali

Snapdeal says it has analysed user patterns to curate products in these stores

The festive season is estimated to generate $4.8 Bn in sales for ecommerce cos

Titan Capital claims to have invested across 70 startups

Titan Capital invests $100K-$500K in seed/early stage companies

The fund is being managed by Bipin Shah

Smaller Chinese and American investors are also expected to participate in the round

Snapdeal has recently reported to have grown its consolidated revenues by 73% YoY

Last month, Anand Piramal has invested an undisclosed amount in Snapdeal

Titan alleged that Snapdeal sellers are selling counterfeit products

Snapdeal was directed to take down counterfeit products in 24 hours

Snapdeal said it has taken down 8000 counterfeit products over the last 8 months

Snapdeal founders have been booked in Kota for selling counterfeit products

A customer has alleged that the company sent fake branded products

Earlier this month, Casio had sued Snapdeal for selling counterfeits

The investment has been made by Anand Piramal in his personal capacity

Snapdeal recently claimed that it records 70 Mn unique monthly users

In FY 2018-19, Snapdeal’s revenue soared 73%

In FY19, Snapdeal grew its consolidated revenues by 73% YoY

Snapdeal’s transacting customers grew 2.2X

Snapdeal’s traffic surged to 70 Mn unique users per month

Indian government seeks details on the way new-age internet companies operate

Flipkart and Snapdeal have made submissions, while Amazon is still in the process of doing so

This is the first instance of the government seeking such clarification from tech giants

Casio has sued Snapdeal and sellers on its platform

Casio alleged Snapdeal is selling counterfeit versions of its products such as watches and calculators

Snapdeal will approach the court for review and modification of the order

ShopClues investors may get one Snapdeal share for every nine shares

The plan is to get at least a 30% stake in Snapdeal as part of the transaction

Shopclues founders may make an exit as a part of this deal

Fairwork study of Indian internet companies rated Ola, Uber and Foodpanda lowest

Flipkart CEO Kalyan Krishnamurthy rubbished rumours of his exit

Shiprocket appoints Sunil Kumar as its Chief Technology Officer