India's largest daily deal website, SnapDeal.com has enabled savings of over Rs. 5 crores for its customers, since inception

Company Brief

New Delhi, January 24, 2011

SnapDeal.com, one of India's fastest growing e-commerce websites, which is already among the top 40 websites of India, in terms of traffic, has now been able to save more than Rs. 5 crores for its customers.

The unique offering started in Feb 2010, which offers average savings of 50% - 90% at popular restaurants, spas, salons, movie theatres, among other leading categories has received an amazing response and this achievement is a testimonial for the same. SnapDeal.com enjoys 70% transactional market share in the group buying space.

According to Mr. Kunal Bahl, CEO of Jasper, the parent company of SnapDeal.com, "We greatly value our customers. Bringing in the best services for them at the best value continues to be our prime objective. We are proud to achieve this milestone, especially given this has been done in less than 1 year since our inception. Such growth is phenomenal in the Indian e-commerce space, and is indicative of the times to come."

There is a tremendous response from the merchants as well. 90% of the service providers who have been featured on Snapdeal.com want to use the service again to attract customers. For the local retail services, it acts as a powerful performance based marketing channel to acquire new customers, while reaching out to a large base of prospective customers, without spending anything upfront on branding or advertising. And this channel is not restricted to small businesses alone. For instance, Carnation, which is Mr. Jagdish Khattar's one-stop-shop retailer for cars, acquired 5000+ customers through SnapDeal in a span of 3 days. Many other merchants have had similar experiences.

For further information, please contact:

Value 360 Communications

Priyanka Dogra

Mobile: +919999240487

Email: priyanka@value360india.com