Snapdeal.com has announced that Ratan Tata, Chairman-Emeritus, Tata Sons, has made a personal investment in the company. This investment by Ratan Tata, a renowned name in the Indian as well as global business circles is of great significance to the company and stands testimony to the growth and success seen by the company in a short span of four years.
Snapdeal.com has seen 600% growth year-on-year for the last two years and currently houses over 5 million products across 500+ diverse categories from over 50,000 sellers. With a view to create life-changing experiences for small businesses and consumers, the company is run by a young and dynamic team of 1,500+ members.
Kunal Bahl, Co-Founder & CEO, Snapdeal.com, said, "This is a very proud and exciting moment for the entire Snapdeal family. An investment by a legendary and respected figure like Tata is an excellent validation of our focussed strategy on building a long-term enterprise and marks the start of a very important phase for the company."
