Snapdeal Deal Or Nodeal

Story By Karan Shastri
Date: 19-February-2018

Indians were all known by the name Snapdeal. There were only two name in the ecommerce market Flipkart & Snapdeal. Snapdeal and Flipkart shared almost same amount of market cap 38% and 41% respectively. But in 2015 a world ecommerce giant entered the business named Amazon. This effect both the Indian companies Snapdeal and Flipkart as they were doing great.But now they have to share the market cap with Amazon. Flipkart managed the top position with the market cap of 40% but Snapdeal failed to do so.

It almost lose 25% of the market cap to Amazon straightly. Amazon is gaining momentum in the India market. This lead to the existence of Snapdeal. Due to continuous loses in the they were out of funds and this lead to reduce their employment.

Snapdeal is engaged in an expensive competition with Flipkart and Amazon India. Flipkart has raised $3.2 billion in funding from investors like Naspers, Tiger Global, and DST Global, while Amazon has vowed to put $2 billion into its Indian operations (and may invest another $5 billion soon). All three businesses are spending heavily on their logistics networks. Flipkart and Snapdeal are also growing by acquiring companies in related verticals, like payments.

Snapdeal is engaged in an expensive competition with Flipkart and Amazon India. Flipkart has raised $3.2 billion in funding from investors like Naspers, Tiger Global, and DST Global, while Amazon has vowed to put $2 billion into its Indian operations (and may invest another $5 billion soon). All three businesses are spending heavily on their logistics networks. Flipkart and Snapdeal are also growing by acquiring companies in related verticals, like payments.

For example, Snapdeal bought online transaction company FreeCharge in April in what it called “one of the biggest acquisitions in the history of the Internet industry in India.” The price was undisclosed, but FreeCharge’s valuation was reportedly $450 million.Let's See whether Snapdeal will make a great deal out of this or not.

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