Synopsis
The e-commerce platform is highlighting its niche value-commerce play along with an omnichannel plan that is in the works, and Unicommerce, a fledgling SaaS venture. However, these projects, which are yet to prove money gainers, will put to test the company’s execution prowess. Will the markets buy the pitch?
Snapdeal is going to the public market when its financials are on a decline. Unlike other e-commerce firms which saw the pandemic fuelling their sales volume and customer adoption, the small business of Snapdeal further shrank during this period. Its revenue for FY21 halved from the previous year. At the current rate, its revenue is likely to be flat and losses double in the current financial year. In essence, operating metrics worsened compared
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
To read full story, subscribe to ET Prime
Get Unlimited Access to The Economic Times
The Big Budget Sale
@ ₹34 per week
Billed annually at
₹2499 ₹1749(30% off)
Already a Member? Sign In now
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.