The world will seems to be a magnificent place if one enters into the Snap deal office at Okhla. Nothing shattering about the building, just vibe, walls splashed with brave red, rooms baptized after quirky posters, music bands, scribble covered glass panels, and the place swarmed with 25 year olds with bulky designations and flashing simple smiles. Certainly at your mind’s back is the company’s net worth above 1,000 crores. This only is not alluring, since the company is just one and half years old. What precisely they do?

Just online they sell deals. And if you have not received any emails from them, then you are not part of the one among the eight internet users, who are clients of Snap deal. You are considered the company’s growth chances. The dramatic rise of the company is only outdone by day to day sites, big daddy and Groupon, the US based company, which is in deep mess because of the discount it provides.

Kunl Bahl, the CEO and the cofounder of Snapdeal says that he defends Groupon and that the public fail to remember, that when each trader howled as foul a thousand other merchants were stabilizing their business by means of its podium. Groupon came under flames for promising its sellers with the moon, the vendors provided deals with the anticipation of getting repeat clients. The company is also busy giving details that there were errors in its accounting books.

Snap deal cofounder, Rohit Bansal says that they keep everything genuine, he further added that he still memorizes that two years ago, he and kunal were trading physical coupons from their office basement, which was just the volume of one of the larger cabins in the present building. He said that they are paranoid in preserving this sudden rise.

Sparkling rise

Bahl asserts that, ‘this’ denotes a business, which across 50 cities, utilizes 800 people. This trade is not just confined to just selling inventive contracts. Because just before four months, it was also a retail company selling online products such as Solitaires and shampoos. Bahl said that they got awesome response for retail product and that they are already leaders in the markets of watches, perfumes, sunglasses, and jewellery varieties.

The numbers of Snap deal are related to a business fable.Though the organization is not a lucrative one. It achievement is exhibited as the advent of Indian ecommerce age, a division which has not progressed in spite of having a good potential, the only exception being travel portals.

The chairman of Technopak Advisors, Mr. Arvind Singhal said, that the coming 3 to 4 years will be basically diverse. The 4G technology launch, the increase in the uses of debit and credit cards, and the penetration of gadgets such as tablets will give a major boost to the online retail business.