Snapdeal UnBox Diwali Sale: Get 20% Instant Discount with Citi Bank Debit & Credit Cards | 2nd - 6th Oct, 2016
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How to get this deal
- Click here to go to Snapdeal.
- 20% instant savings with Citibank Credit and Debit Cards issued in India.
- Offer valid on the transactions done on the Snapdeal Mobile Application and the website during the offer period.
Some good find on mobiles after CITI bank 20% instant discount.
Coolpad Note 3 Lite 16GB- Black @ Rs 5600
https://www.snapdeal.com/product/coolpad-note-3...
Asus Zenfone 2 Laser ZE550KL @ Rs 6400
https://www.snapdeal.com/product/asus-zenfone-2...
Yu Yunicorn 32GB @ Rs 10,299
https://www.snapdeal.com/product/yu-yunicorn-32...
In addition you Get 100% Off on Mobile Cover/Screen Guard with this Mobile Phone. Max Discount Rs.200
Mi Max 32GB @RS 11,999
https://www.snapdeal.com/product/xiaomi-mi-max-...
HTC Desire 628 (3GB , 32 GB, Sunset blue) @ Rs 10,590
https://www.snapdeal.com/product/htc-desire-628...
Moto G Turbo Edition (16GB) @ RS 7999
https://www.snapdeal.com/product/moto-g-turbo-e...
In addition you Get 100% Off on Mobile Cover/Screen Guard with this Mobile Phone. Max Discount Rs.200
Lenovo Vibe K4 Note @ Rs 8999
https://www.snapdeal.com/product/lenovo-vibe-k4...
In addition you Get 100% Off on Mobile Cover/Screen Guard with this Mobile Phone. Max Discount Rs.200
Huawei Honor Holly 2 Plus 16GB 4G + CDMA @ RS 6792
https://www.snapdeal.com/product/huawei-honor-h...
Offer Details:
Offer is valid on all products except Samsung Mobiles – Tablets – Wearable, Precious Jewellery, Gold Coins,Automobiles, Gift Cards & Services (Home Services, DTH, Mobile Services, VAS, Installations, Vehicle Services, Food Ordering, Movie Tickets, Bus Tickets, Cabs, Recharges, etc.)
Offer is valid on select mobile phones only. Please see the product page Offer Section to check validity of the offer.
The minimum transaction amount to avail the Offer is Rs. 1,000/-
Maximum discount applicable per card is Rs2,000/-
The customer needs to select the bank offer on the payment page in order to receive the discount
Offer Duration: 02 October – 06 October, 2016, both dates included
Discount is applicable over and above any promo code promotions running on the website
Discount will be calculated on the net paid amount by the customer
Other Terms and Conditions
This Offer is valid exclusively on Citibank Credit and Debit Cards issued in India.
This Offer is NOT applicable on Citibank Corporate Credit Cards.
Add-on cards will be treated as separate cards.
The Offer fulfilment will be in the form of instant savings
No promo code is needed to avail the offer.
The customer gets the Instant savings once he enter his card details in the payment page
The Offer is not applicable for Card-on-Delivery transactions.
The Offer is not applicable on Gift Wrap or premium delivery charges.
Offer is not applicable if the payment is made using the Net Banking option.
The Offer is also applicable on EMI transactions done using Citi credit card.
Citi merchant EMI Terms & Conditions will be applicable on EMI transactions as mentioned at: https://www.online.Citi.co.in/card-offer/.../E….
Customers will have to make the payment with their Citi Credit Card or Citi Debit Card issued in India only, to avail this Offer.
The Offer is applicable only on eligible purchases on snapdeal.com, m.snapdeal.com & mAPP (Mobile Application).
This offer cannot be clubbed with any other Citi offer on Snapdeal.
The Offer is not applicable on gold coins.
The Offer is not applicable in case of partial payments. In case for any transaction, a Customer uses Snapdeal EGV or Wallet, the instant saving will not be provided.
In the event orders are fully cancelled (during & outside the Offer Period), the corresponding savings value applied on that order/transaction will not be granted.
In the event orders are partially cancelled (during & outside the Offer Period) and if the total transaction amount falls below the minimum transaction amount i.e. INR 1000, instant savings will not be granted.
Citi is not making any commitment to make any offer beyond the Offer Period.
All other terms and conditions of the Card member Terms and Conditions shall continue to apply.
The Offer is valid only if the Customer’s account continues to be in good standing and payment continues to reach Citibank before the payment due date.
Citi does not make any warranties or representation on the delivery, service, quality, quantity, merchantability, suitability or availability of the products or services included in this Offer. The sellers on Snapdeal.com shall be responsible for the products purchased by a Customer.
Citi is NOT liable or responsible for any claim(s), dispute(s) regarding delivery, service, suitability, merchantability, availability, quantity or quality made available to the Customers under the Offer on the products/services (shortly referred as “Claims”). In reference to any Claims, it must be addressed in writing by the Customer directly to Snapdeal. Citi shall not entertain any communication in this regard. Any query/ contention/dispute raised by any Customer to Citi with respect to the above shall be forwarded to Snapdeal and they shall be solely responsible for resolving such queries/ contentions/disputes within reasonable time.
Acceptance of these terms is a prerequisite for participation in this offer. Such participation is voluntary and is deemed as acceptance of the terms and conditions mentioned herein.
Citi holds the exclusive right at its sole discretion to refuse or deny the Offer to any Customer. The Customer shall become ineligible to participate in this Offer if his/her card is cancelled before the expiry of /during the Offer Period.
Any taxes or liabilities or charges payable to the Government or any other authority or body, if any, shall be borne directly by the Customer and/or billed to the account of the Customer.
Products offered under this program are subject to availability from the respective sellers of Snapdeal.com and in no circumstances Snapdeal shall be liable for non-availability of any of the products.
If the Offer and/or anything to be done by Citi or any other entity in respect of the Offer is prevented or delayed by causes, circumstances or events beyond the control of Citi or any other entity, including but not limited to, tampering, unauthorized intervention, interception, fraud, technical failures, floods, fires, accidents, earthquakes, riots, explosions, wars, hostilities, acts of government, or other causes of like or similar or other character beyond the control of Citi or the merchant, then Citi and/or the merchant shall not be liable for the same to the extent so prevented or delayed, and will not be liable for any consequences and on occurrence of such event, the Offer may be withdrawn at the discretion of Citi.
The Terms and Conditions shall be governed by the laws of India. Any disputes arising out of and in connection with this program shall be subject to the exclusive jurisdiction of the Courts in Bangalore only.
Nothing expressed or implied in this offer shall in any way waive or amend any of the applicable terms and conditions on Snapdeal.com.
Pictures of products shown in the communication sent to the customer either through mailers or advertised on Snapdeal website, are for representative purpose only and may not bear a resemblance to the actual products sold by the relevant sellers. Snapdeal shall under no circumstances be responsible towards the same.
Under no circumstance will the Offer being offered under this Program be settled in cash.
All government levies like Sales Tax, TDS, any Local Tax, Octroi etc., shall be payable by the Customer as applicable at the time the respective Programs were offered.
Citi and Snapdeal reserve the right to modify or change any of the terms and conditions applicable to this offer at any time with/without prior notice to the Customer.
All liability with respect to the products purchased lies with the respective seller and Snapdeal shall be in no way responsible for the same. Citi shall not be held liable for any reason, including but not limited to any delay or loss that may be caused in delivery of the services.
Citi shall not also be liable for any loss or damage whatsoever that may be suffered, or for any personal injury that may be suffered, to a customer, directly or indirectly, by use or non-use of products/services under the Offer.
Any person availing this Offer shall be deemed to have accepted these Terms and Conditions.
Citi reserves the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change/cancel or vary all of these terms and conditions or to replace, wholly or in part, this Offer by another offer, whether similar to this offer or not, or to extend or withdraw/cancel it altogether at its sole discretion and the same shall be binding on the Cardholder at all times.
Customers are not bound in any way to participate in this offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.
Nothing herein amounts to a commitment by Citi to conduct further, similar or other offer.
The above Offer is by way of a special offer for select Citi Credit and Debit Cardholders only and nothing contained herein shall prejudice or affect the terms and conditions of the card member agreement. The terms of the above schemes shall be in addition to and not in derogation of the terms contained in the card member terms and conditions. Payment of fees/service charges/all other amounts due from the Customer to Citi from usage of credit cards by the Customer under this Offer and/or otherwise will be governed by Citi bank Terms & Conditions, the Card member Terms and Conditions and the Most Important Terms and Conditions and the same may be viewed from the online portal http://www.citi.co...ia.
A Card holder without being required to do any further act, shall be deemed to have read, understood and unconditionally accepted the terms and conditions herein. The above terms and conditions need to be read in conjunction with the Citi Card member terms and conditions.
The Offer cannot be combined with any other offer and cannot be transferred or assigned to any other person/customer.
Any query regarding the offer will be entertained till 20th November, 2016. Post this date, Snapdeal will not entertain any correspondence or communication regarding this Program from any persons.
All liability with respect to the products purchased under this Offer lies with the respective seller. Snapdeal and Citibank shall be in no way responsible for the same.
@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!
ShopClues will start 25% 😂😂
Don’t have neither citi nor hdfc
@akxakash4 wrote:lol@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!ShopClues will start 25% 😂😂
vuns
feeling jealous, don’t have Citi Bank.
@rajrocks wrote:
@GoogleCA wrote:
@hiteshparmar.007104 wrote:
@GoogleCA wrote:
:shock:
Typing Error on the part of Snapdeal???Wtf!???
20% is unusual. Just saying. When this sale concept started initially it was all about Flipkart. Then Amazon took the charge and presented some real good deals/sales but in last few sales there were no real discounts. Looks like now Snapdeal wants to take the charge. BUT Snapdeal may give us Babaji ka Thullu…
seems u missed out the “*” part remember max limit condition
Max Discount can be Rs.150/- to 500/- or Rs.1500/-
@akxakash4 wrote:Haha. I won’t be surprised if it gives 95℅ also.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!ShopClues will start 25% 😂😂
Dafaqqqqqq 20%..someone pls order a phone for me from there with citi :’(
@SUMO wrote:
@ravi28142 wrote:
Is there any cc/dc service of citi like payzapp, digi or pockets? Or any other jugaad for eople who don’t have their cards?No
will have to skip this offer
@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!
Amazon had 15% last diwali as well
@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
@hiteshparmar.007104 wrote:
Wow
Instant discount! Wait for my message.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
@Magus wrote:Haha….Sure this time…..Jst hope they dnt turn it into cashback by the time the deal actually goes live…
@hiteshparmar.007104 wrote:
Wow
Instant discount! Wait for my message.
@raghupro wrote:I don’t think AliBaba has majority stake in Snapdeal to force a merger. They have other big investors who might have a say in this.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. The last month’s round was just a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
@Sharingan wrote:
@raghupro wrote:I don’t think AliBaba has majority stake in Snapdeal to force a merger. They have other big investors who might have a say in this.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. The last month’s round was just a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
True, AliBaba does not have a majority stake but are capable of owning a majority stake if it interests them.
@raghupro wrote:But for that they will have to invest at least $1bn more and I don’t think Snapdeal deserves that much investment..
@Sharingan wrote:
@raghupro wrote:I don’t think AliBaba has majority stake in Snapdeal to force a merger. They have other big investors who might have a say in this.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. The last month’s round was just a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
True, AliBaba does not have a majority stake but are capable of owning a majority stake if it interests them.
@raghupro wrote:
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
So, it’s Amazon vs Alibaba the world over. In other words, America vs China. India will remain a sales market forever. Wah! Wah! Jai ho!
Every one waiting for t&c!
Have few purchases from snapdeal ranging 12K-15K
@Sharingan wrote:
@raghupro wrote:But for that they will have to invest at least $1bn more and I don’t think Snapdeal deserves that much investment..
@Sharingan wrote:
@raghupro wrote:I don’t think AliBaba has majority stake in Snapdeal to force a merger. They have other big investors who might have a say in this.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. The last month’s round was just a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
True, AliBaba does not have a majority stake but are capable of owning a majority stake if it interests them.
They aren’t that bad man, SnapDeal still has a great customer base and sales volume. Yeah, they suck in terms of customer support and delivery times though.
@Magus wrote:
@raghupro wrote:
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
So, it’s Amazon vs Alibaba the world over. In the other words, America vs China. India will remain a sales market ever. Wah! Wah! Jai ho!
Totally sir! Amazon will not back off for sure, they lost in China and the next big market is India which is critical for both ALiBaba and Amazon too.
@raghupro wrote:Yes, they aren’t bad, but even Flipkart has been devalued..
@Sharingan wrote:
@raghupro wrote:But for that they will have to invest at least $1bn more and I don’t think Snapdeal deserves that much investment..
@Sharingan wrote:
@raghupro wrote:I don’t think AliBaba has majority stake in Snapdeal to force a merger. They have other big investors who might have a say in this.
@Sharingan wrote:
@krishna.maverick942 wrote:I don’t think there is a funding crunch for startups like Snapdeal as they just completed another round of funding last month..Also, Softbank, Alibaba and Tata have invested in them..@Sharingan wrote:I know. And a year after that with amazon announcing billions of dollars of investment and serious funding crunch in Indian startup ecosystem, coming up with offers like these is unbelievable.@krishna.maverick942 wrote:
Amazon started 15℅ to beat fk. Now sd started 20℅ to beat Amazon. Wow!Amazon had 15% last diwali as well
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. The last month’s round was just a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
True, AliBaba does not have a majority stake but are capable of owning a majority stake if it interests them.
They aren’t that bad man, SnapDeal still has a great customer base and sales volume. Yeah, they suck in terms of customer support and delivery times though.
Has anybody got extra Citi Card? Would like to buy using it.
@Magus wrote:
@raghupro wrote:
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
So, it’s Amazon vs Alibaba the world over. In other words, America vs China. India will remain a sales market forever. Wah! Wah! Jai ho!
Before Independence, British people looted us by unfair means & deceit. Then our own Politicians looted us for several decades and now in the future the Americans & Chinese are going to loot us in a legal cunning way. We will always remain either middle agent/broker or the customer as we don’t like to take risks & want to play safe.
@sanjon wrote:
Has anybody got extra Citi Card? Would like to buy using it.
It’s better you ask your friends because if this indeed is true with a max discount amount of 1500rs-2000rs, then everyone will be quite busy in looting for themselves. You will find very few people ready to help you & those people will be bombarded with PM’s requesting for help. Otherwise apply for it immediately.
@gambitrite wrote:
@Magus wrote:
@raghupro wrote:
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
So, it’s Amazon vs Alibaba the world over. In other words, America vs China. India will remain a sales market forever. Wah! Wah! Jai ho!
Before Independence, British people looted us by unfair means & deceit. Then our own Politicians looted us for several decades and now in the future the Americans & Chinese are going to loot us in a legal cunning way. We will always remain either middle agent/broker or the customer as we don’t like to take risks & want to play safe.
This is not playing safe. This is being stupid. We are writing our own song of doomsday.
@Magus wrote:
@gambitrite wrote:
@Magus wrote:
@raghupro wrote:
I wouldn’t really call it a funding crunch not a free availability of funds for startups. Investors are finally settings things straight and opting for risk mitigation lately, it’s time for startups to set things straight and turn into profitable mode slowly rather than blowing the cash off on the name of customer acquisition/retention.
Coming back to Snapdeal, they raised a fund of $1759 million till date + two rounds of undisclosed amount of funding. Last month’s round was a mere $21 million which is hardly 1% of their overall rounds till date so that isn’t significant in anyway. This 20% off offer might be part of their overall rebranding effort for that one major push to compete.
My guess is that they might be having high hopes on more support from AliBaba. I strongly believe that AliBaba will eventually merge Paytm and SnapDeal to go hard against Amazon in India. They might eventually get Flipkart to merge too.
So, it’s Amazon vs Alibaba the world over. In other words, America vs China. India will remain a sales market forever. Wah! Wah! Jai ho!
Before Independence, British people looted us by unfair means & deceit. Then our own Politicians looted us for several decades and now in the future the Americans & Chinese are going to loot us in a legal cunning way. We will always remain either middle agent/broker or the customer as we don’t like to take risks & want to play safe.
This is not playing safe. This is being stupid. We are writing our own song of doomsday.
Exactly. Rather than just being underlings, it’s better if we can stand on our own though it might be difficult.
Vu+s