Snapdeal was founded around 7 years back in February 2010 by Rohit Bansal and Kunal Bahl. In a very less time, it comes in the list of India’s top e-Commerce companies. In September 2011, it grows to becomes the largest online marketplace with addition of more than 10 million products from 100,000 sellers. Snapdeal is serving more than 5000 towns of India. Aamir Khan used to be the brand ambassador of Snapdea. Snapdeal acquired a number of business enterprises including Grabbon.com, esportsbuy.com, shopo.in, doozton.com and wishpicker.com. In 2015, Snapdeal acquired maximum number of business enterprises which includes smartprix.com, gojavas.com, unicommerce.com and rupeepower.com. Snapdeal was under investigation by Labour Department of India, as their employees reported that they are firing their employees. In 2016, Snapdeal fired 600 employees in just a year. Labour Department is investigating on this. Check out some of the famous and profitable subsidiaries of Snapdeal.
Subsidiaries of Snapdeal
- FreeCharge
FreeCharge was the biggest subsidiary of Snapdeal before it was acquired by Axis Bank in July 2017 for Rs. 385 crores. Basically, it is an e-Commerce website and mobile wallet with facilities like recharging prepaid mobile phone, paying broadband, postpaid and DTH bills, etc. Snapdeal acquired FreeCharge on 8 April, 2015 which was the second biggest take-over of an e-Commerce in India after Ibibo. MakeMyTrip acquired Ibibo which was the biggest venture capital exit within India till now. Launched by Kunal Shah and Sandeep Tandon launched FreeCharge in August 2010 and ranked first in most promising technology startups. FreeCharge was acquired by Snapdeal in April 2015 for Rs. 2800 crore.
- Reduce Data
Reduce Data is a Silicon Valley based startup that makes various types of real-time and artificial intelligence tools. In 2015, Snapdeal purchased Reduce Data in 2015 to build the best discovery tools for their sellers. It was the 11th acquisition of Snapdeal with investment of $500 million. For the better engagement of sellers with customers and to retarget the audience with custom ads, Snapdeal planned to acquire Reduce Data. If you are registered as a seller on Snapdeal and facing any type of issues in accessing the panel, contact the concerned department at Snapdeal Customer Care Number.
- Grabbon
Grabbon is an online deal providing website acquired by Snapdeal in 2015. Started by a group of 6, it received overwhelming response by users in Bangalore. This deal is a cash and equity transaction. This deal was done to expand their businesses in all the prime cities of India. As all know, Grabbon is providing a number of local and online deals to the users such as restaurants, online shopping, recharge, etc. According to the CEO of Snapdeal Kunal Bahl, they invested in Grabbon because they have a great time and a great base within Bangalore. This acquisition helped both to expand in the 15 major cities of India.
If you are a customer of Snapdeal and facing any type of issues, contact their customer support department at Snapdeal customer care number.
