Wednesday, November 6

Decoding – Snapdeal revenues have increased 5 times from last year

It seems a comment from Kunal Bahl (CEO, Co-founder of Snapdeal) is true that Snapdeal will become profitable in three years. As per the latest data from a Blog, Snapdeal revenues have increased 5 times.

The Blog also revealed that the loss per rupee of revenue earned has also decreased drastically comparison to last year.

 

Financial-graph-1-Snapdeal
Source: MCA documents obtained from Tofler

Loss per rupee chart:

Source: MCA documents obtained from Tofler
Source: MCA documents obtained from Tofler

So Snapdeal revenues have been growing multifold every year. Every Valuation round is a multiple of the last one. But what about its losses? The negative point is that revenue for FY 2012-13 was INR 340 million which is a very small scale to be of any use for benchmarking. And the loss at even a scale of INR 1,680 million is twice the revenue.