Snapdeal 2.0 can log Rs 150 cr gross profit in 1 yr: Co-founder Kunal Bahl

They asserted that Snapdeal is progressing towards new path & is profitable at gross profit level

Having dumped the $950-million takeover offer from Flipkart, Snapdeal founders Kunal Bahl and Rohit Bansal on Monday said that the online market place can survive on the money made from sale of assets like Freecharge and will make a gross profit of Rs 150 crore in the next 12 months.
 

They also said the company will continue to keep control over costs and make operations efficient.
 

"We will be continuing the Snapdeal journey as an independent company... after the last few months of tumultuousness, it is time to focus on the business and leverage all our strengths to progress towards