Snapdeal a proud exception in Indian e-commerce: CEO Bahl

Snapdeal Co-founder and CEO Kunal Bahl claimed the e-commerce platform's consolidated revenue rose by 73% to ₹925 crore while loss fell 70% year-on-year to ₹186 crore. Over the last two years, Snapdeal's loss was reduced by 96%, he said. "This makes us the proud exception in Indian e-commerce, where greater growth usually means greater losses," Bahl added.