2016 was particulary a difficult year for Snapdeal, as it ceded e-commerce ground to Flipkart and Amazon, which has continued to gain market share. Revenue growth slumped from the 450% growth Snapdeal reported in the year to March 2015. The year-to-March 2016 numbers include the financials of digital payments platform Freecharge, which was acquired by Snapdeal in April 2015. In late 2016, Snapdeal, which had been a true marketplace until then, decided to set up a wholesale unit E-Agility Solutions Pvt. The move came after Snapdeal decided to improve service levels by having tighter control over inventory.

Source: Mint January 17, 2017 18:33 UTC