Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-09

Snapdeal promoter to foster tech entrepreneurs

According to a a Snapdeal senior executive, the incubator will foster early-stage ventures operating in the mobile technology space.

Snapdeal promoter Jasper Infotech is all set to establish its own mobile-focused technology incubator in a bid to grab the lead in India's hyper-competitive e-commerce market, as reported by Economic Times.
 
 
According to a a Snapdeal senior executive, the incubator will foster early-stage ventures operating in the mobile technology space.
 
 
"We are in the process of structuring the incubator, and plans are, more or less, in place. We will start looking for companies once we have an interface for it, which will be separate from Snapdeal," said Abhishek Kumar, Head-Corporate Development, Snapdeal told ET.
 
 
Kumar further informed that Snapdeal will incubate about eight ventures for a period of two months per batch, and will set up a separate team to run the initiative.
 
 
Both Snapdeal and Flipkart, India's largest e-commerce company, see more than 50 per cent of their overall sales coming through mobile, a number that is expected to increase substantially going forward. The incubator could also serve as a feeder for Snapdeal as it looks to make more acquisitions in the mobile space.
Related opportunities
  • HR & Recruitment
    About Us: SMVA Consultants is a MSME Certified. professional human resource..
    Locations looking for expansion West Bengal
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West Bengal
  • Healthcare Products
    About Us: Fitnesstack is a premier brand for Fitness and Bodybuilding..
    Locations looking for expansion Haryana
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ice creams & Yogurt Parlors
    About Us: Established in the year 1956 at Fatehpuri Delhi, Giani..
    Locations looking for expansion New Delhi
    Establishment year 1956
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 80 sq ft-300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi New Delhi
  • Fashion accessories - women
    About Us: Malaysia's Leading Chain of Fashion  & Lifestyle concept stores. The..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts