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India’s Largest Online Couponing Site, SnapDeal, Raises $12 Million (TCTV)

January 25th, 2011 01:41 admin Leave a comment Go to comments

Local ecommerce company Groupon recently acquired a small online couponing startup in India called SoSasta (which I’m told means ‘very cheap’). But the real leader in India’s digital coupon space is actually SnapDeal, which currently boasts over 1 million subscribers and has roughly 70 percent market share.

I caught up with Kunal Bahl, CEO of SnapDeal’s parent company Jaspers, at the DLD Conference in Germany to learn more about the business.

Turns out the company just closed a $12 million investment round, led by Nexus Venture Partners and IndoUS Venture Partners.

Now at roughly 300 employees, SnapDeal started out back in 2008 and will now use the funding to more rapidly scale its operations. It’s already live in 50 cities across the country, and boasts about 50,000 retailers in its database today.

Source: India’s Largest Online Couponing Site, SnapDeal, Raises $12 Million (TCTV)

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  • http://www.annyee.com.my/ online shopping store

    Really it is a great news. Mr. Kunal, CEO of snapdeal is to be proud for their success. Great work.


  • http://www.silkuneed.com/ wholesale fabric

    If there is will, there is way. Kunal Bahl, CEO of SnapDeal’s increases the business of snapdeal site. 


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