Snapdeal plans to launch 5,000 e-commerce kiosks across 65 cities and 70,000 rural areas

Snapdeal

• Snapdeal.com is an online marketplace.

• Snapdeal is a Internet, Online retailing company.

• It was started in year of 2010

• Founders – kunal Bahl & Rohit bansal

• Employees – 2000+

• Snapdeal - one of the country's largest e- tailers plans to tap 50 lakh low-income households in slums and villages across the country.

• These include places such as Dharavi (Mumbai), which is Asia's largest slum, Govindpuri, one of the biggest slums in Delhi, and

villages in Gujarat, Rajasthan and Haryana, among many others.

• Snapdeal will launch around 5,000 e-commerce kiosks across 65 cities and 70,000 rural areas by the end of next year with the help of FINO PayTech, an Indian financial inclusion solutions company

• These e-commerce centers will be manned by village-levelentrepreneurs, have personal computers and tablets.

• Kunal Bahl, co-founder and CEO of Snapdeal said,“ that snapdeal will able to reach 5-10 crore new consumers in the next three years,"

Acquisitions

In June 2010, Snapdeal acquired Bangalore-based group buying site, Grabbon.com.

In April 2012, Snapdeal acquired esportsbuy.com, an online sports goods retailer based out of Delhi.]

In May 2013, Snapdeal acquired Shopo.in, an online marketplace for Indian handicraft products