As promised -Starting today serial expose to nail Lies of Snapdeal Founders & Punch Holes in their False Claims!!

Am thankful to all people supporting my cause and who have been writing to me. To those who join me from now would request going through my previous posts on this blog. In continuation of my resolve am starting with a series of expose including tweets which you can see @Chorsnapdeal to see the real dirty and shameless faces of Snapdeal CEO- Kunal Bahl, COO- Rohit Bansal and Sr. VP Finance- Vijay Ajmera.

India needs to foster a system that rewards merit and innovation in every field and break away from rampantly visible mentality to follow the herd.The coteries operating ensure that merit is not rewarded and instead only a handful of people take advantage of all people's potential whilst exploiting them using their muscle. But am hopeful of changes sweeping our land and India taking its rightful place with a high percentage of youths who want to build an India based on right fundamentals.  

Had it not been for the social media I would have been struggling to get my message across in a media set up that fears carrying stories that may adversely affect its revenues in the wake of highlighting truth about its big advertisers like Snapdeal. Am totally sure of my voice becoming stronger and every media house carrying this story on its merit whilst realising the basis of how it affects not just me but the hopes of a billion plus people when the status quo is not challenged. When those doing things right suffer endlessly and people doing wrong are protected and celebrated. 

Snapdeal founders didnt even have a clue about marketplace e-commerce as they were happily busy copying and following in the footsteps of groupon until they came in touch with me and looted me. They would have been behind bars had it been any country where the police responds to its duty diligently or where justice is delivered at speeds that befit the crime.

Starting today I am releasing facts that I had promised to take readers attention to later on in my first blog post . Am releasing Part-1 of this series of expose of snapdeal founders gameplan to earn money and fame that they certainly don't deserve. 

Going through it would make it evident how Snapdeal founders have been using venture fund's money to misuse the media and exaggerate their claims right from their early days.If not checked in time they will continue misleading the world and the investors and find their way to bourses to eventually mislead the retail investors and even cause a crash someday.

Knowing the morons like I do- They may probably remove their press releases after this but I have saved all proofs that will help me to continue exposing their real dirty side. 

On 18th October 2010, Snapdeal's CEO Kunal Bahl  shares his plans to expand to five international locations.

(Source- http://www.thehindubusinessline.com/todays-paper/tp-eworld/article1013466.ece)

On 31st Oct 2010 thinking no one is keeping track and rightly so just 13 days later he claims to be present in five countries already.

(Source- http://www.peerpower.com/et/2635/The-Great-Indian-E-commerce-bazaar) 

Media perception certainly builds companies and news gets company shares soaring or crashing but the big question is does our responsible media even cross check facts before publishing or broadcasting it ? Does it only accuse politicians of turning a blind eye and accuse them of quid pro quo while conveniently forgetting those fundamentals when it comes to themselves? I have great respect for the Indian media and am waiting for them to break away from the herd.

WHY Snapdeal would lose the e-Commerce Race & Fail yet Again !

Having deep insights in any field is amongst the first requirements of building a successful business. Insights don’t come from looking up a website or trying to do a ‘me-too’ but are acquired while working hard on any subject across any walk of life through practice and dedication. It requires both an investment of time and sincere effort.

Please don’t follow anyone including me blindly and cross check on facts instead of being misled by Snapdeal’s false projections or press releases. Snapdeal is still a bleeding loss making business and therefore can not be termed successful even by the most basic yardstick of profitability.Snapdeal founders are manipulative meritless crooks and no more than morons as entrepreneurs who manage to create noise and boast about themselves while having poor insights which results in them failing at one business after another.

They tried selling discount coupons offline as Moneysaver & FAILED. Took deals online & FAILED. Launched Babybox.in & FAILED. Copied Groupon & acquired grabbon but still FAILED.

Am a big fan of merit driven entrepreneurial ecosystem and approver of failure in that pursuit but am pointing to Snapdeal’s failures here to simply highlight their reasons which are different. Their reasons are lack of ethics, character, commitment & passion which are fundamental prerequisites to succeed. Having none of these fundamentals is the main reason why Snapdeal founders shall lose the race this time too and fail despite acquiring Freecharge.

I started work as an entrepreneur in the field of serving the retail community using internet when it was not hot as it is today and launched marketsindelhi.com in 1999- 2000. Scaled it to indianretail.net in 2005 and protected my intellectual property rights for my work in 2007 even before Snapdeal or Moneysaver was born as an entity.

The business run by Snapdeal founders is not basis their own understanding or hard work or even based on lines of Alibaba (as their past experience of aping the groupon business without adequate insights made them abandon it eventually) but created as a result of robbing me and stabbing me in the back since 2010 while pretending to collaborate and raise funds on my industry validated work when they were a daily deals site.

After winning my confidence they extracted business plans, insights and secrets not available in the public domain or on the site hosted by me. Even the arguments of superiority of marketplace model over daily deals used by them in their press releases were lifted from my interactions. Features like ‘deals near me’ too were implemented from my interactions in 2011 before they pivoted.

Snapdeal CEO - Kunal Bahl, COO - Rohit Bansal and Vijay Ajmera –  are petty minded thieves and robbers basking in borrowed limelight till they stand exposed before the whole world.

View Snapdeal CEO Kunal Bahl’s own admission in the light of the facts stated above and see the reality yourself.

Below are excerpts from Snapdeal’s Press Release- (http://www.nextbigwhat.com/snapdeal-story-297/)

Kunal Bahl –“Whatever we learnt in US was of no use in India, as the market here was/is completely different (lack of awareness regarding couponing)”

The Truth - They think the market lacked awareness while they as entrepreneurs lacked essential insights that drive any company to success.

Kunal Bahl – “Fortunately, recession happened! Retailers had a lot of inventory, so they were more open to couponing.”

The Truth – Kunal’s lack of empathy and concern for plight of others is highlighted in his sentence above which describes recession as fortunate reflecting his complete insensitivity.

Kunal Bahl – “The first instinct for us was not to build a website, rather the first instinct was to ‘how do we make money this month?’.

The Truth - By their own admission-  They were only focussed on making money without having any clue about what they wanted to do in contrast to any entrepreneur who achieves success while being driven by a sense of purpose or passion.

Kunal Bahl –– “We had to pay around Rs. 5 Lacs of salary and we only had Rs. 53,000/ in the bank account. That was the moment of truth for our business. We could have either said ‘Screw this. Get back to regular life, fancy life’  or ‘stay on’.

The Truth - Clearly shows their poor business planning and executing skills. They are not even close to being the best at scaling or executing as they would have most people believe through their paid for press releases.

How Snapdeal is cheating Ratan Tata, Azim Premji, Aamir Khan and all other Investors!

Snapdeal is a name most people know in modern India, all thanks to its rogue founders CEO- Kunal Bahl, COO- Rohit Bansal & CFO Vijay Ajmera who are burning obnoxious sums of investor’s money in mindless advertising and mergers.

As on date snapdeal is pretending to be a front-runner who have worked hard to change the rules of the digital game.

Snapdeal was a failed company and failed business model from the time it started as Moneysaver- an offline discount couponing company when India already had quite a few demonstrated success like Naukri.com, Shaadi.com and Makemytrip in the online space. Giving a glimpse into the own poor understanding of snapdeal’s founders about the ground reality.

They then looked around and cloned groupon but their fabricated press releases credit ‘not- so- tech- savvy merchants’ who coaxed them to go online instead. After blowing their own trumpet as market leaders with a majority market share (just as they are doing today) they unceremoniously abandoned and shut their deals business after raising money for it from investors- Nexus Venture Partners and Indo- Us Venture Partners in Jan 2011 and Bessemer Venture Partners besides the earlier two investors in July 2011.

Again through fabricated press releases which talked of being impressed by Alibaba on a chance  visit to China they later announced changing their business model to become a marketplace while copying Alibaba( I shall be seeking readers attention to detailed facts that will punch holes in all their false claims later and would instead keep them focussed currently)

The real reason behind changing its business model and the source which changed the fortunes for snapdeal is probably not even known to its closest investors.

On the back of fake propaganda of their still loss making company and blowing their own trumpet, they are today defrauding people like Ratan Tata, Azim Premji, Aamir Khan and score of meritorious investors who have achieved success through sheer hardwork, integrity and their ethical conduct.

 In a country like India which is still nascent in terms of rules and laws that govern the operations of digital enterprises that run on its soil, Snapdeal as a stroke of luck has gone unchecked else the start up team would have been behind the bars.

I as an entrepreneur and professional who has spent last 16 years of his work life primarily in the field of digital whilst being focussed on creating real sustainable value through original work will share my wealth of experiences that will benefit an entire generation of upcoming talented entrepreneurs who should not have to go through the difficulties faced by me.  

I have taken upon myself the battle of fighting snapdeal who has turned complacent by suppressing the facts on the back of their monetary strength and underestimated the power of truth which has dethroned many people unworthy of the power and fame they enjoyed until being exposed.