MUMBAI: Indian e-commerce firm Snapdeal expects to turn profitable in the next two years, its chief executive officer said, as the company cuts costs and boosts efficiency in a market currently dominated by homegrown Flipkart and US Internet giant Amazon.
Kunal Bahl, who co-founded Snapdeal in 2010, also told Reuters that the online marketplace provider backed by Japan’s SoftBank Group did not immediately need to raise capital unless it makes an acquisition.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!