Rohit Bansal

Hero artwork for Rohit Bansal

Co-Founder, Titan Capital & Snapdeal | Promoter, Unicommerce

Snapdeal is one of Bharat's top online fashion destinations for value-first shopping at budget-friendly prices.

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About

Rohit Bansal is a technology entrepreneur and investor.

Career Highlights

(Snapdeal, Titan Capital, Unicommerce)

Rohit is the co-founder of Snapdeal, one of India's leading e-commerce platforms. Founded in 2010, Snapdeal focuses on the value commerce market in India and has served over 10 crore online shoppers over the last 16 years.

He is also the co-founder of Titan Capital, through which he has invested in more than 250 start-ups over 12 years across consumer tech, health tech, fintech, SaaS, consumer brands, and B2B platforms in companies like Ola, Urban Company, Razorpay, OfBusiness, Mamaearth, and Credgenics.

Rohit is also the promoter of Unicommerce eSolutions Limited, India's leading e-commerce enablement SaaS company, which is listed on the NSE and BSE.

Snapdeal, Titan Capital, and Unicommerce value access, affordability, and scale as they target most middle-class, value-seeking non-metro customers. From the assortment to the price point, everything demonstrates dedication to democratizing value commerce across the country.

Industry Roles & Leadership

Rohit has been awarded a range of honours recognizing his contribution to the entrepreneurship ecosystem. These include ET's Comeback Kid of the Year Award 2019, Economic Times "40 Under Forty" in 2015, Ernst and Young Entrepreneur of the Year - Startup 2014, and BMA Entrepreneur of the Year Award 2013-14.

As the Chair of FICCI's Start-up Committee for 2023 and 2024, Rohit led efforts to catalyze a greater connection between India's start-ups and large established businesses to create learning and growth opportunities for all stakeholders.

Education

Rohit completed his Bachelor’s and Master’s in Computer Engineering from IIT Delhi. He is an avid traveller and a fitness enthusiast.

Rohit expressed his source of motivation and his belief in the product in a 2013 interview with the Business Standard where he said, “The issue is about the economics of the business model. Inventory-led companies burn more cash given their size. On the other hand, the marketplace has more operating leverage

Rohit Bansal's Mission Statement:

"Use technology to power retail and e-commerce for Bharat's value-conscious consumers."

Years of experience

Rohit Bansal has over 18 years of experience as a technology entrepreneur and investor.

Startups Invested

As a co-founder of Titan Capital, he has invested in more than 250 start-ups over 12 years across consumer tech, health tech, fintech, SaaS, consumer brands, and B2B platforms in companies like Ola, Urban Company, Razorpay, OfBusiness, Mamaearth, and Credgenics.

Snapdeal Milestones

  • 2010Founded Snapdeal as a daily deals platform (India's Groupon equivalent)
  • 2011Pivoted to online marketplace model; raised $50M from eBay alongside existing investors
  • 2014Secured $627M from SoftBank; achieved unicorn status at $1B valuation
  • 2015Peak operations: 1M+ daily orders, 35M products, 300K sellers; acquired FreeCharge for $400M
  • 2016Reached $6.5B valuation; raised $1.8B+ total funding from SoftBank, Alibaba, Foxconn, Temasek
  • 2017Rejected Flipkart acquisition offer; launched "Snapdeal 2.0" turnaround strategy
  • 2018-2021Restructured operations; divested non-core assets; shifted focus to value-conscious Bharat consumers
  • 2022Consolidated under AceVector Group (Snapdeal, Unicommerce, Stellaro Brands)
  • 2024Subsidiary Unicommerce successfully listed on public markets
  • 2025AceVector received SEBI approval for IPO; reported an 80% reduction in losses and 35% revenue growth

Feb 2010

Founded Snapdeal

Daily Platform by Kunal Bahl & Rohit Bansal

2011

Early funding

$12M Nexus, $45M Bessemer, $50M eBay

Oct 2011

Marketplace pivot

Shifted from deals to e-commerce after China trip

2014

Unicorn status

$627M SoftBank; $1B valuation; 600% GMV growth

Apr 2015

Peak + FreeCharge

1M+ daily orders; acquired FreeCharge for $400M

2015

Titan Capital

Founded VC firm; 200+ investments incl. Ola, Razorpay

Feb 2016

$6.5B valuation

$1.8B+ total funding; Alibaba, Foxconn, SoftBank

July 2017

Rejected Flipkart

Declined ~$1B acquisition offer; chose independence

July 2017

Sold FreeCharge

$60M to Axis Bank; funded Snapdeal 2.0 survival

2017-2021

Snapdeal 2.0

Restructured; focused on value commerce for Bharat

Jul 2022

AceVector Group

Consolidated Snapdeal, Unicommerce, Stellaro Brands

2023

ONDC integration

Joined govt digital commerce network; 86% non-metro

Jul 2024

Unicommerce IPO

Subsidiary listed; highly subscribed offering

2025

IPO approval

SEBI nod; 80% loss cut

Today

Current Scale

25M+ MAU; 200M+ app installs; 96% pin codes