Snapdeal Revenue, Valuation, Funding & Investors

Snapdeal is valued at $6.5B as of August 2016.

Last Snapdeal valuation

$6.5B

Undisclosed stage · Aug 2016

Last Snapdeal funding round

$18M

Undisclosed stage · May 2017

Snapdeal revenue

$26M

Undisclosed stage · Aug 2015

Key investors in Snapdeal

Snapdeal Overview

About Snapdeal

Snapdeal is an e-commerce marketplace offering deals on electronics, fashion, home appliances, and daily essentials across India. New Delhi-headquartered and launched in 2010, the platform leads in categories like watches, eyewear, and jewelry according to industry surveys. Snapdeal serves millions of customers through its app and website, backed by investors including Nexus Venture Partners and Bessemer Venture Partners.


Founded

2005

HQ

IndiaGurgaon

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$26M (Aug 2015)

Valuation

$6.5B (Aug 2016)

Snapdeal Valuation

Snapdeal is currently valued at $6.5B, based on its undisclosed-stage round in August 2016.

The $21M round was led by Clouse SA.

Snapdeal's valuation has grown 61x from $107M at its Series C in April 2013 to $6.5B in August 2016, across 6 priced rounds.

Snapdeal valuation by funding round

Revenue multiple
Snapdeal valuation by funding round
DateStageValuationRevenue Multiple
Aug 2016Undisclosed stage$6.5B-
Feb 2016Secondary$7B-
Aug 2015Undisclosed stage$5B192.3x
Oct 2014Undisclosed stage$2.6B145.9x
May 2014Series E$1B-
Apr 2013Series C$107M-

Snapdeal Revenue

Snapdeal's latest recorded revenue is $26M, as of its undisclosed-stage round in August 2015.

Revenue grew from $18M in October 2014 to $26M in August 2015.

Snapdeal revenue by funding round

Snapdeal revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2015$26M$5B192.3xUndisclosed stage
Oct 2014$18M$2.6B145.9xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Snapdeal Funding History

Snapdeal has raised a total of $1.5B across 8 funding rounds, plus 1 secondary share sale.

Snapdeal's first fundraising round was a $50M Series C in April 2013. The most recent completed round was a $18M undisclosed-stage round in May 2017.

Snapdeal funding rounds

Snapdeal funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2017Undisclosed stageNexus Venture Partners (lead); Rohit Bansal; Kunal Bahl$18M-Snapdeal, an Indian e-commerce marketplace founded in 2010, raised funding worth ₹113 crore in May 2017 from Nexus Venture Partners, with participation from Kunal Bahl and Rohit Bansal. The round occurred amid challenges, including SoftBank writing down over $1.4 billion in losses by May 2017 and failed merger talks with Flipkart valued at $900-950 million. Post-round, Snapdeal pivoted its strategy, leading to revenue from operations plummeting from ₹1,158.9 crore in FY16 to ₹436.1 crore in FY18. The company had previously clocked ₹1,456.60 crore in total revenue in FY16 and ₹933.3 crore in FY15, but focused on profitability over growth amid competition from Amazon and Flipkart. Snapdeal's platform served over 300,000 merchants with more than 60 million products, emphasizing non-metro users who later accounted for over 90% of orders. By FY19, revenue rebounded to ₹925.3 crore with losses narrowing significantly from ₹4,638 crore in FY17 to ₹186 crore.
Aug 2016Undisclosed stageClouse SA (lead)$21M$6.5BSnapdeal, an India-headquartered e-commerce marketplace founded in 2010, lists over 50 million products across more than 1,000 categories and was India's third-largest platform by gross sales as of July 2016, behind Amazon and Flipkart. Backed by investors including Alibaba, SoftBank, eBay, Intel, and BCC, the company raised $21 million from Luxembourg-based Clouse SA in August 2016 as part of an ongoing funding round that began with $200 million in February 2016 from investors like Bennett Coleman & Co (BCC), Brother Fortune Apparel, Ontario Teachers’ Pension Plan, and Iron Pillar. This tranche was reportedly at the existing $6.5 billion valuation from the February round, with total funding reaching about $1.7 billion to $1.76 billion across 12 rounds. Prior to this, Snapdeal secured a $500 million round in September 2015 led by Alibaba, with Foxconn, SoftBank, Temasek, BlackRock, Myriad, and PremjiInvest, valuing the company at $4.8 billion (some reports cite $5 billion). The company had also raised $133 million in February 2014 from eBay and others, and acquired FreeCharge for over $450 million in April 2015. Snapdeal planned to spend up to $30 million on advertising ahead of the Diwali season despite challenges, including gross sales halving from end-2015 and efforts to cut costs amid a cautious funding environment; it shuttered its Exclusively fashion platform acquired in February 2015. Financial filings for FY2016 (Jaspers Infotech, Snapdeal's parent) showed losses of $495 million (INR 3,315.5 crore), up from $198.2 million (INR 1,328 crore) in 2015. BlackRock valued Snapdeal's preference shares at $24,582.2 per share as of June 30, 2016. Post-2016 developments included $57.2 million from Jasper Infotech in January 2017 and acquisition talks with Alibaba and PayPal in late 2016.
Feb 2016SecondaryOntario Teachers' Pension Plan (lead); Iron Pillar$200M$7BSnapdeal, a Gurgaon-based online marketplace founded in 2010, raised $200 million in February 2016 from Ontario Teachers’ Pension Plan, Brother Fortune Apparel, and others including Bennett Coleman & Co. The round valued the company at $6.5-7 billion, up over 30% from its prior $5 billion valuation after a $500 million raise in August 2015 led by Alibaba, SoftBank, and Foxconn. This brought Snapdeal's total funding to about $2 billion from investors like eBay, Temasek, BlackRock, PremjiInvest, Kalaari Capital, Nexus Venture Partners, and Ratan Tata. The capital was earmarked for technology platform, logistics, payments, and back-end infrastructure enhancements. Snapdeal claimed over 275,000 sellers, 30 million products, and reach across 6,000 towns and cities in India. The investment positioned Snapdeal as a strong contender against Flipkart and Amazon in India's competitive e-commerce market, amid reports of Flipkart seeking $1.4 billion at over $15 billion valuation and Paytm scouting $400 million. Snapdeal had previously acquired FreeCharge for $450 million in April 2015.
Aug 2015Undisclosed stageAlibaba Group (lead); Foxconn (lead); SoftBank Group (lead); Temasek; Premji Invest; Myriad Group; BlackRock; Brand Capital$500M$5BSnapdeal, an Indian e-commerce marketplace founded in 2010, raised $500 million in August 2015 from Alibaba, Foxconn, SoftBank Telecom Corp, and existing investors including Temasek Holdings, BlackRock Enhanced, Myriad Group, Premji Invest, and Brand Capital, with Alibaba, Foxconn, and SoftBank as leads. The platform connected over 150,000 sellers to customers across 5,000 towns and cities in India, competing aggressively with Flipkart and Amazon India in a market projected to grow from $3.2 billion to $16 billion by 2018. The funding brought Snapdeal's total capital raised to about $1.6 billion, supporting expansions in logistics, acquisitions like FreeCharge (valued at $450 million), and diversification beyond retail into payments and services. The round valued Snapdeal at approximately $5 billion post-money, positioning it behind Flipkart's $15 billion but ahead of many peers in India's booming online shopping sector driven by a young population and rising mobile adoption. Earlier reports noted valuation tensions, with Snapdeal seeking $5-7 billion while Alibaba pushed for $4-5 billion, and a prior October 2014 valuation of $1.87 billion. Foxconn's investment included a $50 million secondary purchase of eBay's 1.16% stake plus $150 million primary, totaling around Rs 3,259 crore for the round. Snapdeal aimed for $10 billion GMV by end-2015 after $2 billion in 2014, focusing on scaling operations amid heavy spending on infrastructure by rivals. Alibaba's entry marked its foothold in India, mirroring its China strategy, while SoftBank built on its prior $627 million lead investment.
Oct 2014Undisclosed stageSoftBank Group (lead)$627M$2.6BSnapdeal, an Indian e-commerce marketplace founded in 2010, raised $627 million from SoftBank Internet and Media (part of SoftBank Group) in late October 2014, marking one of the largest single-investor deals in Indian tech at the time. This round brought Snapdeal's total funding in 2014 to nearly $1 billion, following prior raises including $100 million in May 2014 and investments from eBay, Temasek, BlackRock, PremjiInvest, and Ratan Tata. SoftBank became the largest shareholder, aiming to leverage synergies with its global portfolio like Alibaba and expand in India's booming e-commerce sector. The investment valued Snapdeal at a post-money valuation of around $2 billion, up significantly from the $1 billion mark in its May 2014 round, with reports citing SoftBank's stake at 20-25% or SoftBank as the primary investor in this round. Snapdeal operated as a platform with over 5 million products across 500+ categories, 25 million registered users, 50,000+ sellers, and deliveries to 5,000+ cities, achieving 600% growth from 2013 to 2014, with 60% of orders from mobile. For the fiscal year 2013-14, Snapdeal reported revenues of Rs 168.1 crore alongside a loss of Rs 264.6 crore. The funding positioned Snapdeal competitively against rivals like Flipkart, which raised $1 billion earlier that year, amid aggressive customer acquisition and capital raises in India's e-commerce market. SoftBank's involvement highlighted its strategy in high-growth emerging markets, drawing parallels to its long-term success with Alibaba.
May 2014Series EBlackRock (lead); Ratan Tata (lead); Temasek; Tybourne Capital Management; Premji Invest; Myriad Group$100M$1BSnapdeal, an Indian online marketplace founded in 2010 by Kunal Bahl, raised $100 million in May 2014 from investors including BlackRock, Temasek Holdings, Premji Invest, Myriad Group, Tybourne Capital Management, with BlackRock and later Ratan Tata highlighted. This was part of over $233 million raised that year in two rounds, following a February round of $133.7 million including eBay. Snapdeal emphasized rapid growth at 600% annually. In the competitive Indian e-commerce landscape, Snapdeal positioned itself as a platform for small businesses and brands with zero inventory, serving 25 million users across 5000+ towns. Rivals like Flipkart raised $1 billion in July 2014 at $7 billion valuation, while Amazon pledged $2 billion for India operations. Snapdeal's efficient scaling with less capital than peers underscored its marketplace model amid a funding landgrab.
Feb 2014Series DeBay (lead); Kalaari Capital; Bessemer Venture Partners; Intel Capital; Nexus Venture Partners; Saama$134M-Snapdeal, operating under Jasper Infotech Private Limited, is an Indian e-commerce marketplace that raised $133 million in February 2014 led by eBay with participation from Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital, and Saama Capital. The company experienced rapid growth in 2014, with claims of over 600% growth, 65% of orders via mobile, reaching 40 million users, and expectations of $1 billion in sales for the year. GMV reportedly grew 500% in FY14, positioning Snapdeal as a key player competing with Flipkart and Amazon in India's e-commerce sector. Financially, for FY 14-15 (April 2014 to March 2015), the first full fiscal year following the round, Snapdeal reported revenue of INR 938 crore, with INR 766 crore from operations, marking 450% growth from INR 168 crore the prior year. Losses reached INR 1,319 crore, driven largely by advertising and promotional expenses of INR 1,060 crore, including INR 426 crore on advertising and INR 633 crore on business promotion, alongside employee costs rising to INR 367 crore. Snapdeal focused on value e-commerce, automobiles, and mCommerce leadership, amid heavy investments totaling billions across top players like Flipkart.
Aug 2013Undisclosed stageSoftBank Group (lead)$75M-Snapdeal, an eBay-backed Indian e-commerce marketplace, raised $75 million from SoftBank around August 2013, as reported by reliable sources, marking a significant funding event amid competition with Flipkart. This followed a $50 million round three months prior from investors including eBay, Intel Capital, ru-Net, Saama Capital, and others, bringing total funding to over $202 million by mid-2013. The company was experiencing rapid user growth, with over 20 million registered users and 14-15 million monthly active users as of June 2013, and was reportedly achieving gross turnover exceeding Rs 100 crore monthly, though not specified as revenue or ARR. Snapdeal positioned itself as a key player in India's burgeoning e-commerce sector, competing against Flipkart, which had recently raised $200 million, and preparing for Amazon's entry. The SoftBank investment highlighted investor confidence in Snapdeal's growth trajectory, with ongoing discussions noted amid high inbound interest. Subsequent SoftBank engagements included a much larger $627 million investment in October 2014, valuing Snapdeal at approximately $1.2 billion and making SoftBank its largest shareholder, with Nikesh Arora joining the board. Over time, SoftBank invested a total of around $900 million for a 30-33% stake, but Snapdeal struggled against dominant rivals like Flipkart and Amazon, leading to later challenges including failed merger talks and investor write-downs.
Apr 2013Series CeBay (lead); Intel Capital (lead); Recruit Holdings (lead); Kalaari Capital; Bessemer Venture Partners; RTP Global; Cambrian Ventures; Nexus Venture Partners; Saama$50M$107MSnapdeal is an online marketplace platform founded in 2010 by Kunal Bahl and Rohit Bansal that operates a seller-centric model similar to eBay and Amazon. The company initially launched as a daily deals site but pivoted to a full marketplace model in 2012, allowing third-party merchants to sell goods across verticals including fashion, home goods, and consumer electronics. By early 2013, Snapdeal had become the highest-trafficked e-commerce site in India with approximately 20 million registered users, representing roughly one in every five online Indians. In April 2013, Snapdeal closed a $50 million Series C funding round led by eBay, Japan's Recruit Holdings, Intel Capital, and other institutional investors including ru-Net, Saama Capital, and Kalaari Capital. Existing investors Bessemer Venture Partners, Nexus Venture Partners, and Indo-US Venture Partners (Kalaari Capital) also participated. The round valued the company at over Rs 1,000 crore (approximately $180–200 million USD equivalent at 2013 exchange rates). This was characterized as a "top-up round" from committed investors who had supported the company since its founding. Snapdeal demonstrated exceptional growth momentum at the time of the round, with gross merchandise value increasing 400% year-over-year. The company was projected to generate approximately $400 million in sales during 2013. The company had raised a total of approximately $102 million across four funding rounds from its inception in 2010 through this Series C investment. The marketplace model proved particularly well-suited to emerging markets like India, where significant numbers of small businesses existed but the e-commerce ecosystem remained nascent, creating an opportunity for a platform to connect sellers with consumers online.

Who has invested in Snapdeal?

24 investors have backed Snapdeal across its funding rounds, including SoftBank Group, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital, Temasek and BlackRock.

Lead investors include Nexus Venture Partners, Clouse SA, Ontario Teachers' Pension Plan, Alibaba Group, Foxconn and 6 other investors.


Snapdeal Investors

Investors in Snapdeal by funding rounds participated
InvestorHQRoundsRoleFirst check
SoftBank GroupJapanTokyo3LeadAug 2013
Nexus Venture PartnersUnited StatesSan Francisco, CA3LeadApr 2013
TemasekSingaporeSingapore2ParticipantMay 2014
eBayUnited StatesSan Jose, CA2LeadApr 2013
Kalaari CapitalIndiaBangalore2ParticipantApr 2013
Premji InvestIndiaBangalore2ParticipantMay 2014
Bessemer Venture PartnersUnited StatesSan Francisco, CA2ParticipantApr 2013
Myriad GroupSwitzerlandZurich2ParticipantMay 2014
BlackRockUnited StatesUnited States2LeadMay 2014
Intel CapitalUnited StatesSanta Clara, CA2LeadApr 2013
SaamaIndiaBangalore2ParticipantApr 2013
FoxconnTaiwanTaipei1LeadAug 2015
Rohit BansalIndiaGurgaon1ParticipantMay 2017

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Acquisitions by Snapdeal

Snapdeal has acquired 9 companies to date.

Last acquisition by Snapdeal was on May 5th 2016. Snapdeal acquired TargetingMantra for undisclosed valuation.


Latest Acquisitions by Snapdeal

TargetingMantra
Reduce Data
Fashiate
LetsGoMo
Description
-
Reduce Data is a programmatic advertising platform offering cross-device retargeting powered by AI optimization. The self-serve tool targets in-house marketers and agencies across display, video, and mobile, processing 10 billion+ impressions monthly from New York offices.
Fashiate is a visual search platform for fashion that identifies products from images sourced from magazines, movies, or the web. Acquired by Snapdeal, the service allows users to find similar items, pocket-friendly alternatives, and refine searches by patterns, colors, and styles across online retailers.
LetsGoMo is a mobile strategy consultancy specializing in m-commerce for e-commerce brands in India. It develops hybrid apps using cross-platform frameworks like React Native for retailers such as Flipkart affiliates. Bengaluru-based since 2012, LetsGoMo delivers end-to-end services from UX design to app store optimization, focusing on markets like fashion and groceries. The firm serves 50+ clients across Asia with solutions emphasizing payment gateways and push notifications.
HQ CountryUnited StatesUnited StatesIndiaIndia
HQ City
San Francisco, CA
San Francisco, CA
Bangalore
Gurgaon
Deal Date5 May 201615 Sep 201524 Aug 201515 Jun 2015
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Snapdeal

Snapdeal has invested in 6 companies to date.

Latest investment by Snapdeal was on September 7th 2017. Snapdeal invested in Vulcan Express in their $24M Undisclosed stage round.


Latest Investments by Snapdeal

Vulcan Express
Vulcan Express
FreeCharge
FreeCharge
Description
Vulcan Express Private Limited is a Mumbai-based logistics provider specializing in e-commerce supply chain solutions across India. It handles pickup, consolidation, fulfillment, warehousing, intercity transport, and last-mile delivery for retail and online businesses. The company operates warehouses in key cities like Mumbai, Delhi, Bangalore, and Chennai, supporting over 500 e-commerce clients with same-day delivery in major metros. Founded by logistics veterans with more than 100 years of combined experience, Vulcan Express processes millions of orders monthly through its technology-enabled platform.
Vulcan Express Private Limited is a Mumbai-based logistics provider specializing in e-commerce supply chain solutions across India. It handles pickup, consolidation, fulfillment, warehousing, intercity transport, and last-mile delivery for retail and online businesses. The company operates warehouses in key cities like Mumbai, Delhi, Bangalore, and Chennai, supporting over 500 e-commerce clients with same-day delivery in major metros. Founded by logistics veterans with more than 100 years of combined experience, Vulcan Express processes millions of orders monthly through its technology-enabled platform.
FreeCharge is a Mumbai-headquartered digital payments platform founded in 2010 for prepaid mobile recharges, DTH, data cards, and bill payments across India. Acquired by Snapdeal in 2015 and later by Axis Bank, it processes transactions via coupons from partners like McDonald's, Domino's, and Puma. FreeCharge supports UPI transfers and wallet services nationwide.
FreeCharge is a Mumbai-headquartered digital payments platform founded in 2010 for prepaid mobile recharges, DTH, data cards, and bill payments across India. Acquired by Snapdeal in 2015 and later by Axis Bank, it processes transactions via coupons from partners like McDonald's, Domino's, and Puma. FreeCharge supports UPI transfers and wallet services nationwide.
HQ CountryIndiaIndiaIndiaIndia
HQ City
Gurgaon
Gurgaon
Mumbai
Mumbai
Deal Date7 Sep 20171 Aug 201718 May 20179 Jan 2017
RoundUndisclosed stageSeries ASeries DSeries D
Raised$24M$6M$3M$57M
Investors----
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Snapdeal Competitors

Snapdeal competitors include listed companies like Meesho, Sea, Global-e and Vend Marketplaces, and private ones like Back Market and The CrownX.

Public and private companies comparable to Snapdeal
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MeeshoIndiaIndiaPublicly listed$1.3B($143M)$10B6.3x
SeaSingaporeSingaporePublicly listed$23B$2.4B$62B2.0x
Back MarketFranceParisPrivate$227M-$5.7B-
Global-eUnited StatesUnited StatesPublicly listed$962M$159M$6.4B4.8x
The CrownXVietnamHo Chi Minh CityPrivate$2.1B-$8.2B-
Vend MarketplacesNorwayNorwayPublicly listed$673M$19M$5.1B7.1x

Snapdeal Public Comps

Snapdeal is still privately-owned, but its public comps include Zozo, carsales.com, BOSS Zhipin, Global-e, Etsy, CTS Eventim, Zillow, Alibaba Health, Zalando and Scout24.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zozo$1.5B$490M4.4x4.3x13.0x12.5x
carsales.com$892M$475M8.3x8.2x15.6x14.7x
BOSS Zhipin$1.2B$493M2.8x2.6x7.1x5.7x
Global-e$962M$159M6.2x4.8x37.5x22.4x
Etsy$2.9B$323M3.0x3.0x26.6x10.6x
CTS Eventim$3.5B$622M1.4x1.3x7.9x7.1x
Zillow$2.6B$315M2.6x2.3x21.2x9.4x
Alibaba Health$5.1B$278M0.9x0.9x16.6x15.4x

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Common questions about Snapdeal

When was Snapdeal founded?Snapdeal was founded in 2005.
Where is Snapdeal headquartered?Snapdeal is headquartered in Gurgaon, India.
Is Snapdeal publicly listed?No, Snapdeal is a private, VC-backed company.
What is Snapdeal's valuation?Snapdeal was last valued at $6.5B in its undisclosed-stage round in August 2016.
How much funding has Snapdeal raised?Snapdeal has raised $1.5B across 8 funding rounds.
What was Snapdeal's last funding round?Snapdeal's last funding round was a $18M undisclosed-stage round in May 2017, led by Nexus Venture Partners.
Who are Snapdeal's investors?Snapdeal's investors include SoftBank Group, Nexus Venture Partners, Temasek, eBay, Kalaari Capital, Premji Invest, Bessemer Venture Partners, Myriad Group, BlackRock, Intel Capital and 14 others.
What is Snapdeal's revenue?Snapdeal's latest recorded revenue is $26M (August 2015).
Which companies are comparable to Snapdeal?Companies comparable to Snapdeal include Meesho, Sea, Back Market, Global-e, The CrownX and Vend Marketplaces.
How many companies has Snapdeal acquired?Snapdeal has acquired 9 companies, including TargetingMantra, Reduce Data, Fashiate, LetsGoMo and MartMobi Technologies.
How many companies has Snapdeal invested in?Snapdeal has invested in 6 companies, including Vulcan Express, FreeCharge, GoJavas, NuvoEx, PepperTap and Shopo.
What was Snapdeal's last investment?In September 2017, Snapdeal invested in Vulcan Express' $24M undisclosed-stage round.

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