Near death to cash positive: Kunal Bahl shares Snapdeal's 'comeback' story Noor Arora
"A day doesn’t go by when someone doesn’t ask me this question – So, how are things now at Snapdeal?”, Snapdeal cofounder Kunal Bahl on Monday shared on LinkedIn the story of the e-commerce company's struggle in the last one year to 'turn the ship around' from 'near death', thanking employees and others for the participation in re-igniting the fire in the start-up. "There is a story to be told here that can be instructional for some and hopefully inspiring for others. Most importantly, for the incredibly resilient team at Snapdeal, that has worked so immensely hard to turn the ship around, it is time to give credit where it is due," Bahl wrote. But this is more than just a milestone. Going from just a few months of money left in the bank in August 2017, to now being completely in control of our destiny a year later, has been an exhausting yet exhilarating experience Referring to the failed merger with Flipkart, Bahl said "the summer of 2017 brought uncertainty for Snapdeal in the form of an ongoing, protracted merger discussion that wasn’t going anywhere.
ARTICLE SOURCE: BS