Snapdeal founder says he's ready to take site public in US: report

Snapdeal.com co-founder Kunal Bahl has confirmed to VentureBeat that he plans to the take company public soon in the US.

In an interaction with the website, Bahl said that he is plotting to take the company public in the US soon and “that it will likely list in the next 12 to 24 months, although it could be sooner as well.” Bahl also said that Snapdeal is “the market leading company in the largest growing space in India. People who didn’t invest in Alibaba won’t want to miss the one in India.”

The report also quotes an interesting account of how Snapdeal functions. For instance, “Employees with a long commute get a free Wi-Fi enabled car service. Bahl said it frees up a few hours of time each day for workers to answer email or rest.”  And which segment is currently seeing the fastest growth on Snapdeal? Unsurprisingly it is mobile phones. Bahl told the website, “mobile sales account for about 30 percent of the business.”

The fact that mobile sales are boosting e-commerce sales in India is not new. In an interview with tech2 Flipkart CEO Sachin Bansal said that where mobile phones are concerned, they have been the fastest growing segment on the site as well and the exclusively launched Moto G smartphone was sold out within hours of the launch.

While the e-commerce market in India will continue to grow, there’s no doubt that so will the competition. Snapdeal has  some pretty strong rivals in the form of  Flipkart, Amazon.co.in (which is still not offering all the products in India) Jabong, Myntra, to name a few.