Snapdeal Declares second Unbox Diwali Sale Snapdeal which till This past Season was the third largest Participant in the e-commerce Marketplace followed by Amazon and Flipkart has now come down the ladder with Decreased Sequence Amounts
E-commerce firm Snapdeal on Friday declared its next leg of festive season purchase which will begin from Saturday, shortly after rivals like Flipkart and Amazon reasoned their first slot of four to five day long season sale.
Snapdeal which in July called off its acquisition talks with rival Flipkart to go solo, had declared its first sale of the year in August.
“Buoyed by the response to the first edition of sales, we’ve fortified our offers on best-selling products which are favourites of our sellers and partnered with our vendors and leading brands to expand industry best prices on these,” said Vishal Chadha, chief business officer, Snapdeal in an announcement.
One of the key highlights of this sale is Rs 13,000 discount on iPhone 8 and 8 Plus on HSBC Credit Cards. The business is also offering users of Standard Chartered and Yes Bank cards per level 20 percent discount during the selling period, for all purchases over Rs 2500.
Snapdeal which till this past season was the third biggest player in the e-commerce marketplace followed by Amazon and Flipkart has now come down the ladder with decreased order amounts.
According to Bangalore based research firm RedSeer Consulting Flipkart headed the previous week’s five day festive earnings with a 58 percent market share in the gross merchandise value of products sold.
It also states that Amazon India saw a decline in market share during the yearly festive earnings worth USD 1.5 billion this month to 26 percent from a year’s talk of approximately 32 percent.