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Snapdeal looks forward to be profitable in three years

Snapdeal is looking forward to be operationally profitable in next three years and invests heavily in building infrastructure to hike its business.

Kunal Bahl, Snapdeal CEO said, “More specifically in the next three-year period, at least in our business, I feel fairly confident that we will be at that point of profitability.”

“We have to frontload a lot of our investment to build infrastructure, but I don’t think we will have to do that forever. Today we are building essentially highways of e-commerce, but there are only cars on it. As number of cars increases on it, the economics will start marking sense,” he said.

“Once profitability starts in these (e-commerce) businesses then they tend to become very profitable. Arguably most profitable company in the world, but until then you have to front load capability because if their no capability these business will disintegrate over a period of time,” he said further.

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