- Business Today
Here's why Snapdeal postponed its IPO; Founder Kunal Bahl explains the reasons
Snapdeal, the Indian e-commerce company founded in 2010, had plans to go public in 2021, but the IPO was postponed due to market conditions. Business Today had the opportunity to interview Snapdeal’s founder, Kunal Bahl, to gain more insight into the company's decision.
Bahl, who is also an investor in seed stage start-ups through his VC firm Titan Capitals, explained that the capital constraint "was not just from private equity players becoming tight-fisted but also from how much money companies were able to tap from the equity market." He noted that the postponement of Snapdeal's IPO was a result of market conditions, i.e., that the company could not access as much capital as it hoped.