Snapdeal loss down 70% in sign of turnaround

In a blog post, Snapdeal co-founder and CEO Kunal Bahl said the company’s disciplined approach has helped it to make a turnaround. Snapdeal has managed to cut losses by 70% to Rs 186 crore while increasing the consolidated revenue by 73% to about Rs 925 crore, at the end of March 2019. The latest audited numbers come after a gruelling two years of struggle.

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