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.

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.