The unique offering started in Feb 2010, which offers average savings of 50% - 90% at popular restaurants, spas, salons, movie theatres, among other leading categories has received an amazing response and this achievement is a testimonial for the same. SnapDeal.com enjoys 70% transactional market share in the group buying space.
According to Mr. Kunal Bahl, CEO of Jasper, the parent company of SnapDeal.com, “We greatly value our customers. Bringing in the best services for them at the best value continues to be our prime objective. We are proud to achieve this milestone, especially given this has been done in less than 1 year since our inception. Such growth is phenomenal in the Indian e-commerce space, and is indicative of the times to come.”
There is a tremendous response from the merchants as well. 90% of the service providers who have been featured on Snapdeal.com want to use the service again to attract customers. For the local retail services, it acts as a powerful performance based marketing channel to acquire new customers, while reaching out to a large base of prospective customers, without spending anything upfront on branding or advertising. And this channel is not restricted to small businesses alone. For instance, Carnation, which is Mr. Jagdish Khattar’s one-stop-shop retailer for cars, acquired 5000+ customers through SnapDeal in a span of 3 days. Many other merchants have had similar experiences.
About SnapDeal: SnapDeal.com is an innovative e-commerce service that drives large number of customers to retail businesses, by offering one very attractive deal everyday (upto 90% off) on dining, recreation, entertainment, sports, weekend getaways, among others. Snapdeal is now present in 30 cities in India. The purchased voucher is emailed to the customer instantly after the deal is purchased, along with an SMS confirmation, either of which can be shown at the merchant while making a purchase. SnapDeal.com has over a million subscribers and is growing at the rate of a new subscriber joining the club every 8 seconds!
# # #
About Jasper India
Jasper leads the way in multi-channel direct marketing platforms in India with key industry leaders across Consumer products, Financial services, Consumer durables, Retail, Technology and Telecom industries. The company addresses the need for high-quality, cost-effective customer management for consumer brands. Jasper is led by industry professionals with experiences in companies such as Microsoft, Capital One, Deloitte, Accenture, Future Group, Sodexho and Accor. Jasper is the owner of popular consumer marketing platforms, SnapDeal.com and MoneySaver, and manages a $2 Million ‘Jasper Marketing Innovation Fund’.