The Kunal Bahl Story

Interestingly, he has been shown to make a lot of aggressive offers. This came as a shock for many because it is a known fact that his company Snapdeal isn't very profitable anymore. Then how is it possible that he has been giving all these aggressive offers? Let's dwell deeper into it together. 👇

In 2007, he left his job at Microsoft and came to India. In 2010, he launched Snapdeal with Rohit Bansal as a website for daily coupons and offers, but he shook the scene by transforming it into an e-commerce giant. It worked, and how not! Its valuation went up to 60,000 crores. But in FY24, Snapdeal's net loss is around Rs 160 crore. If that's too much, it is interesting to note that it has decreased by 43%, as in FY23, the loss was around Rs 282 crore (according to reports). 📉

If all this is true, how is Bahl's net worth around Rs 3,500 crore (according to reports)? The credit goes to mostly two factors. ✌

One is his high salary, which he has been drawing over the years. According to reports, in FY2021, Bahl was given a compensation package consisting of a Rs 3.5 crore fixed salary and a Rs 1.5 crore performance-based bonus. 😎

While the second factor has to be his investments over the year. He co-founded Titan Capital along with Rohit Bansal in 2015, an investment firm that supports early-stage startups, through which he was able to spot unicorns before they became unicorns, like Razorpay, Mamaearth, and Urban Company. 🦄

To know more about Unicorns read: [https://lnkd.in/gQbAE-h2]

He has invested in over 280 startups, many of which gave him over 100x returns (according to reports). But still, his biggest investment has to be his investment in Ola, where he was able to turn his 50 lakh investment into over 200 crores. 💸

He is also a great academic achiever, not only being an alumnus of the University of Pennsylvania but also holding dual degrees in Entrepreneurship, Operation & Information Management from The Wharton School and Engineering from the School of Engineering and Applied Science. His academic background definitely laid a strong foundation for his entrepreneurial ventures. 🧑‍🎓

Bahl's journey reflects his dedication to entrepreneurship and his belief in the potential of Indian startups to achieve global success. 🏆