Home / Knowledge / News / E-commerce / Anand Piramal invests in Snapdeal in personal capacity

Anand Piramal invests in Snapdeal in personal capacity

Jul '19
Pic: Shutterstock
Pic: Shutterstock
Piramal Group executive director Anand Piramal has invested in Snapdeal in his personal capacity, the latter said recently. The size of the investment was, however, not disclosed. The company said its Snapdeal 2.0 strategy allowed it to ‘rapidly build a differentiated business, with a sharp focus on value-priced merchandise—the largest segment in retail’.

The Gurugram-based SoftBank-backed e-commerce firm has been focusing on unbranded goods in tier-II and tier-III towns and cities. Since 2017, its revenues have grown rapidly with profitable unit economics. “With hundreds of millions of first time e-commerce buyers yet to transact, Snapdeal is well poised to grow in the future,” Piramal said in the statement issued by Snapdeal.

In its recently announced full year financial results for financial year 2018-19, Snapdeal’s revenue rose 73 per cent to around 925.3 crore and its loss dropped by 71 per cent to around 186 crore.

Traffic on Snapdeal’s marketplace rose 2.3 times to 70 million unique monthly users and the number of transacting users grew 2.2 times in the past 12 months, Indian media reported citing company information.

Snapdeal said over 80 per cent of its users came from small towns and cities and in the past two years, Snapdeal has added over 60,000 new seller partners, who have added over 50 million new listings. This takes the tally to more than 500,000 registered sellers, who have more than 200 million listings on the marketplace. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


J ;& P Coats
IDH – The Sustainable Trade Initiative
MAS Active / MAS Kreeda / MAS Bodyline
Green Fibre
Sportswear Company Spa
Gokaldas Exports Limited
International Textile Manufacturers Federation
Guess Europe Sagl,
Under Armour Global Sourcing Ltd
PVH Corporation
Midas Clothing Limited
Gloria Jeans
SHAHI Exports Pvt Ltd
Gap International Sourcing Limited
G-Star Raw C.V.
Hela Clothing Pvt Ltd
The LYCRA Company Singapore  Pte. Ltd
C;&A Sourcing International Ltd
Seasalt Limited
Maceton Limited
Hirdaramani International Export Private Limited
Landmark Group
Varner AS Retail
Lacoste (Wanchai)
Reiter India Private Limited
Esprit Europe Services GmbH
NITI Aayog
H;&M Hennes ;& Mauritz (Far East) Ltd
Alix Partners
Chori Company Limited
Cat Tuong Real Estate Group Joint Stock Company
John Varvatos
IKEA of Sweden AB
Vardhman Textile Ltd
Bluestem Global Sourcing Limited
OVS Hong Kong Sourcing Ltd.
Helly Hansen Far East Ltd
Tchibo GmbH
Phong Phu international JSC (PPJ)
Tommy Hilfiger
Sportmaster Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vianney Textil Hogar S.A. De C.V.
Etam Group Strategy Hong Kong Limited
Calvin Klein
Gatsby Africa
Boardriders Asia Sourcing Limited
Truetzschler India Private Limited
Chico’ FAS
Sateri (Jiujiang) Fiber Co.,Ltd
Huntsman (Singapore) Pte Ltd
Alison Hayes Romania
Arvind Limited
Eastman Chemical Company
Page Industries Limited (Bangalore)
Target Corporation (MN)
Restoque S.A.
Lisa S.P.A.
Brandix Lanka Limited
Rayonese Textile Inc., Division de Culp Inc.
The Top Form Brassiere Manufacturing Company Limited
Amazon China
Desigual - ABASIC, S.A.
LC Waikiki
Aramark Uniform ;& Career Apparel, LLC
Recron Polyester from Reliance Industries Limited
Benetton Group
KAS Direct Sourcing
Lululemon Athletica Inc
Grasim Industries Limited
T.T. Limited
Groz-Beckert East Asia LLP
Tory Burch Hong Kong Ltd
Rosset ;& Cia Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search