Snapdeal & Bessemer
I’m thrilled to announce Bessemer’s investment in Snapdeal. We led the Series C in this innovative, rapidly growing company that is not merely a Groupon clone, but a company that is trying to change e-commerce in India through the best deals available. I was most impressed by the entrepreneurs behind the company – Kunal Bahl and Rohit Bansal – who are wildly creative, very ambitious, but also highly analytical. They have an ability to both be highly detail oriented yet able to see the larger picture. And equally as important, they are adamant about changing the business culture in India to be more philanthropic.
I, and the rest of the BVP India internet team (Rob Chandra & Abhijeet Muzumdar), can’t wait to help Kunal, Rohit, and the Snapdeal team build a business that we hope can revolutionize commerce online in India.