Ratan Tata Invests in Snapdeal

Indian e-commerce industry is on roll, after Flipkart’s announcement of generating investment worth billion dollar and Amazon’s plans to invest $2B in the Indian market, now another big player Snapdeal has officially secured personal investment from Tata Group’s Chairman Emeritus Ratan Tata.

Confirming the news Snapdeal Founder and CEO, Kunal Bahl said, “This is a very proud and exciting moment for the entire Snapdeal family. An investment by a legendary and respected figure like Mr. Tata is an excellent validation of our focused strategy on building a long term enterprise and marks the start of a very important phase for the company.”

Snapdeal.com is an Indian Online Marketplace, founded in 2010 by Rohit Bansal and Kunal Bahl. Headquartered in New Delhi, snapdeal acquired popularity very soon with its unique and fresh and unbeatable offers & deals. Featuring a wide assortment of over 5 million products across categories like Mobiles, Electronics, Fashion accessories, Apparel, Sports, Books; and services like Restaurants, Spas & Entertainment, Snapdeal.com has been able to attracked over 18 million customers in just three years. With introduction of ‘same day delivery’ Snapdeal puts lots of pressure on fellow rivals.

Snapdeal has also tied-up with Tata housing to sell Tata Value Homes on their portal.

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