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This must be sarcastic because this seems like Amazon.
by keepquestioning 4y ago
This must be sarcastic because this seems like Amazon.
- xwdv 4y agoIt’s not a public company so there’s no reason to care about this. You cannot invest in it. You cannot benefit from it. You can merely use it, but as you said, it’s just a shittier version of Amazon, so why bother?
- erichocean 4y agoSnapdeal revenue (not profit, just top-line revenue) in 2021 (after 11 years in business): $64 million USD Is that Amazon-like? Amazon was founded in 1994 and AWS was created in 2006, 12 years later. Did Snapdeal launch their own Indian AWS competitor in 2022? How's their revenue growth holding up compared to Amazon? For comparison, my own 4 person e-commerce startup had ~$6.4 million in revenue in 2021 with gross margins around 30%. Of course, we've only been in business since 2018, not 2010 like Snapdeal. If we take Softbank money (2014, Snapdeal), will we also be an Amazon-like "unicorn" in seven years with mediocre revenue?
- keepquestioning 4y agoAre you converting currency?
- hatsix 4y agoAccording to this: https://groww.in/ipo/snapdeal-ipo https://groww.in/ipo/snapdeal-ipo That's correct... just under $64MM in top line revenue. I don't think this counts as a unicorn.