Snapdeal sellers to do Rs.1 crore business each

Online marketplace Snapdeal has set a target that at least 10,000 sellers in its portfolio out of two lakh active sellers will do a business of Rs.1 crore each, the company's co-founder and CEO Kunal Bahl has said.

"In 2016, our goal is to ensure that we have 10,000 sellers each doing business of Rs.1 crore or more through Snapdeal. We are committed to extending all possible support to help our sellers achieve this target.

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We have recently launched multiple programmes to assist you and strengthen your online business with Snapdeal," Bahl wrote in a letter to Snapdeal sellers.

"Today, it gives me immense pride to share that we have more than two lakh sellers actively using our platform to profitably grow their business.

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In 2015, hundreds of sellers each sold merchandise worth more than Rs.10 crore through Snapdeal," he added. The company's gross merchandise value till August 2015 was $4.5 billion.

Source IANS