Snapdeal, once a serious challenger to fellow unicorn, Flipkart, is now just a fraction of its 2015 self. Two-thirds to be precise.
The Ken sent Snapdeal a detailed questionnaire last week but despite repeated reminders, a reply was not forthcoming till the time of publishing.
On January 11, Snapdeal brought in Jason Kothari from Housing. Kothari will now be the chief strategy and investment officer in the company. This is a significant appointment. We’ll explain why in just a bit.
Multiple sources confirm that the e-commerce seller recorded about 30% drop in shipped revenue in 2016, compared to 2015.