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Emerging Entrepreneurs

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Kunal BahlCo Founder and CEO of Snapdeal

ABOUT KUNAL ...Kunal Bahl was born in India and completed his schooling from Delhi Public School (DPS).His parents wanted him to get into IIT but on his failure to get admission in IIT , he went to USA and got his Bachelors Degree in Engineering from Wharton University.Kunal also got a Business Degree from the Wharton University and finished his executive marketing programme from Kellogg School of Management.

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While Studying in the US , he started a Detergent Company and sold his product at the Walmart stores. He also worked with Microsoft for a stint but his Visa got rejected and he was deported back to India. He came back to India and decided to start business with his High School best friend , Rohit Bansal.

They started as a Coupon Book business which did not work They also started as Discount Cards which didnt work.They also started the Mobile Coupons which didnt work.Till that time their Savings account had dipped down and didnt have enough money to start a new Business.

Their friend , Vani Kola , helped them out with the Finance and they pivoted to the online direction and launched Snapdeal .

SNAPDEAL HISTORY Snapdeal was started in February, 2010, as a daily deal platform but later expanded into a product retailing into the various categories.Snapdeal claims to have an subscriber base of more than 20 million and has a presence across 4000+ towns and cities.

CREATORS : Kunal Bahl and Rohit Bansal

The man driven by Discount Coupons , Kunal bahl Age at starting Business : 25 Years Companys Name : Snapdeal Headquarters : New Delhi Seed capital : Rs. 40 Lakhs

Rohit Bansal

MISSION ..

Their Goal was to do 100 transactions a day then in 3 months their company , Snapdeal , would be the most successful Company

HARDSHIPS.. In 2010, they had just Rs. 53,000 in his Bank Account and had to pay Rs. 5,00, 000 as salary to employees .they got their funding from a friend and started with seed capital of Rs. 40 Lakhs.In 2010 , 50% of the online transactions would fail as it was the worst platform.

Mission Accomplished They achieved the goal in just 3 weeks and they felt the output was in proportional to the input they were putting in .

They got more motivation to put more input .

They had 70% of the market share in 2011.

Turning point ...He went to China in November , 2011 and met many entrepreneurs .In India , he decided to shut whatever they had done till then and change to more of a life changing experience to the small merchants.Goal was to make to 20,000 merchants in 5 years but they made it upto 50,000 merchants in 3 years.

Awards and recognitions ..

BMA Entrepreneur of the Year 2014ET Top 50 Entrepreneur of India 2014Ranked 25 on Fortune 40 under 40 most influential business leaders list 2014 EY Entrepreneur of the year - Start-up 2014 Nasscom NextGen Entrepreneur 2014 AIMA Transformational Business Leader of the Year Venture Capital Deal of the Year In Jan , 2014

E-Retailer of the year and best Advertising , 2012Winner of Red herrings Asia awards , 2011E-Commerce site of the year , 2012Young Turks award , 2012

A village named Snapdeal

Bachate raho

THANK YOU .