Asia Pacific Japan FMCD FMCG Free Insights Greyhound Reports Media Mentions Greyhound Snippets Logistics & Transportation Outsourcing Retail & Commerce Snapdeal Startups

“Snapdeal is well-positioned to turn profitable in the next 2-3 years”- Kunal Bahl, CEO

Snapdeal recently expanded their e-commerce marketplace to include more service offerings through a ‘one-of-a-kind partnership’ with Zomato, Cleartrip, UrbanClap, and redBus. Now in a recent interview with Livemint, Kunal Bahl, CEO, Snapdeal, said that the company is now focusing on net revenue instead of gross merchandise value (GMV) and the new focus is part of another big change at the e-commerce marketplace.

“Snapdeal has been having an identity crisis for the last couple of years,” Sanchit Vir Gogia, ‎Chief Futurist, Founder and CEO of Greyhound Knowledge Group told Quartz. “Flipkart has the advantage of a strong logistics infrastructure that they have developed in-house, and Amazon has long years of experience and deep pockets. But Snapdeal has not solved the logistics problem and it will suffer because of the lack of ecosystem.”

Source: Your Story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s