Showing posts with label Rohit Bansal. Show all posts
Showing posts with label Rohit Bansal. Show all posts

Snapdeal founders Kunal Bahl & Rohit Bansal lead Funding in Female Wellness Startup, Azah through their VC Arm Titan Capital

Gurugram based female Wellness Startup, Azah, announced the company has raised an undisclosed amount in Pre- Series A funding round from Snapdeal founders Kunal Bahl and Rohit Bansal, Angel List India and a few other HNIs. The lead funding came via Titan Capital, a VC arm run by Kunal & Rohit.

The startup plans to use procured funds to enhance its production, launch new products and expand sales operations in tier 2 and tier 3 cities. Co-founded by two young entrepreneurs, Shashwat Diesh and Aqib Mohammed in 2018, Azah focuses on solving some of the most critical problems in the feminine hygiene sector.

Founded with the aim to offer high quality chemical-free products in the female wellness sector, the founders obsession with the product quality, customer experience and strong unit economics has led them to reach newer demographics while driving growth to an untapped market.

Azah Pads

With a reach to more than 4000 pin codes all over India, Azah has a strong revisit customer base. Though the northern part of India has the biggest concentration of the customers, still, the demand for the product is fairly spread across all over India with regular orders from the North-Eastern states, i.e., Arunachal Pradesh and Tripura.

Thanking the support of VCs Aqib Mohammed co-founder, Azah said, "The funds will help us continue further on our mission to make a woman's period easier by developing products that truly solve her problems. A good portion of the funding will go into research and development of these new products, while also helping us carry out further innovation in our current product line. We'll also use the funding to expand our reach to newer demographics while exploring alternative channels to drive growth and acquisition. We plan to double our monthly revenue by the end of next quarter."

Talking on the brand growth vis-a-vie funding, Shashwat Diesh, co-founder, Azah said, "The female wellness sector seems to be particularly open to disruption because of the relative lack of innovation over the past couple of decades. Due to increasing consumer awareness around menstrual hygiene, people have begun to demand better products and newer homegrown brands have stood up well to the challenge of fulfilling this need, and that's where Azah comes up."

Prakhar Agarwal, Investments Lead, AngelList India, said "We are excited to back Azah – an audacious fem care brand that’s taking on the personal care heavyweights with its healthier organic products. The founders have done a great job of building a brand that resonates with its customers and look forward to the new products they intend to add to their offering with this round of financing.”

Prior to this, Azah had raised a seed funding of  USD 200,000 from the group of Angel investors to expand the business and optimize supply chain management. 

About Azah

Azah is a premium female wellness brand established in November 2018It caters to the needs of quality-conscious urban consumers and focuses on solving some of the most critical problems in the feminine hygiene sector. Azah aims to be "a one-stop solution for high-quality women hygiene products in India". And while doing so, it also stands for fighting the social stigma that currently exists in our society with respect to periods. Azah is growing at the rate of 30% Month on month with more than 50% of the revenue coming directly from repeat customers. 

Snapdeal Founders Booked for 'Fake' Products Deliveries

The police here have registered a case against Snapdeal founders Kunal Bahl and Rohit Bansal after a local Congress leader alleged that the online shopping site sent him fake products.

They were booked for cheating under section 420 of the Indian Penal Code after businessman Indermohan Singh Honey complained that instead of a Woodland belt and a wallet, he was delivered fakes.

Singh had acted as a spokesperson of the party during the recent Lok Sabha election campaign. He placed the order on July 17, paying online for it, police said.

In a complaint lodged at the city's Gumanpura police station, the businessman said he suspected the genuineness of the products delivered at his home, and took them to a Woodland showroom.

The staff there examined the products and said they were “duplicate and fake”, Gumanpura station house officer Manoj Singh Sikarwal said.

An assistant sub inspector has been assigned to investigate the case against Snapdeal CEO Kunal Bahl and COO Rohit Bansal.

Indermohan Singh has claimed getting a bad deal from the shopping site in the past as well.

He alleged that some months back Snapdeal did not deliver the wrist watch he ordered, while a message from the site claimed it had reached his home. However, he got a refund when he complained. PTI

Snapdeal crosses milestone of 1,000 sellers getting sales of over Rs 1 crore

snapdeal

Snapdeal which claims to be India’s largest online marketplace recently announced that it has successfully achieved the milestone of 1000 sellers on its online platform, getting annual sales of over 1 crore.

Along with this achievement announcement, the company also announced a great opportunity for businesses which wanted to sell their products online. These businesses can now list their products on Snapdeal.com and start selling them to over 25 million Snapdeal members across over 5000 towns and cities that too within 4 hours.

This latest move by Snapdeal aims at enhancing the seller experience on its online platform. The company has also put in great efforts in enhancing its technology and processes so as to minimize the time which is taken to onboard a seller. It now just takes 4 hours for a seller to start selling his or her products on Snapdeal.com. This latest initiative by the company has been launched keeping in mind its goal of increasing its current 30,000 + seller base to 100,000 sellers in the next 12 months.

Enabling and empowering SMBs in India is one of the main focuses of Snapdeal. The Indian retail sector is awfully fragmented and unorganized and as a result of it small and medium sized businesses are not able to sell their products nationally. These small and medium businesses also don’t have the necessary resources and know-how. Snapdeal through its online marketplace is aiming at providing an alternate and cost efficient sales channel to these businesses that will give them the liberty to sell their products nationally while supplying locally. Snapdeal with its latest move will able to make the process and experience of selling products online even more easy and seamless.

According to Rohit Bansal, who is the co-founder and COO at Snapdeal.com, sellers have always and will always remain at the core of Snapdeal and they have only helped them define success across categories. He also added that with this express listing service; Snapdeal will be able to enhance the experience of sellers on its platform which will further lead to increase in the popularity and credibility of its online platform.

 

Snapdeal crosses milestone of 1,000 sellers getting sales of over Rs 1 crore

snapdeal

Snapdeal which claims to be India’s largest online marketplace recently announced that it has successfully achieved the milestone of 1000 sellers on its online platform, getting annual sales of over 1 crore.

Along with this achievement announcement, the company also announced a great opportunity for businesses which wanted to sell their products online. These businesses can now list their products on Snapdeal.com and start selling them to over 25 million Snapdeal members across over 5000 towns and cities that too within 4 hours.

This latest move by Snapdeal aims at enhancing the seller experience on its online platform. The company has also put in great efforts in enhancing its technology and processes so as to minimize the time which is taken to onboard a seller. It now just takes 4 hours for a seller to start selling his or her products on Snapdeal.com. This latest initiative by the company has been launched keeping in mind its goal of increasing its current 30,000 + seller base to 100,000 sellers in the next 12 months.

Enabling and empowering SMBs in India is one of the main focuses of Snapdeal. The Indian retail sector is awfully fragmented and unorganized and as a result of it small and medium sized businesses are not able to sell their products nationally. These small and medium businesses also don’t have the necessary resources and know-how. Snapdeal through its online marketplace is aiming at providing an alternate and cost efficient sales channel to these businesses that will give them the liberty to sell their products nationally while supplying locally. Snapdeal with its latest move will able to make the process and experience of selling products online even more easy and seamless.

According to Rohit Bansal, who is the co-founder and COO at Snapdeal.com, sellers have always and will always remain at the core of Snapdeal and they have only helped them define success across categories. He also added that with this express listing service; Snapdeal will be able to enhance the experience of sellers on its platform which will further lead to increase in the popularity and credibility of its online platform.

 

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