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You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

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After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

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Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Jasper Infotech Private Limited (Snapdeal) Unlisted Share Price | Buy Jasper Infotech Private Limited (Snapdeal) Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Jasper Infotech Private Limited (Snapdeal) Unlisted Share Price | Buy Jasper Infotech Private Limited (Snapdeal) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Jasper Infotech Private Limited, the parent company of Snapdeal, is one of India's most storied startup journeys — rising from a 2007 startup to a $6.5 billion peak valuation, nearly collapsing in 2017, and then restructuring into a leaner, profitable value e-commerce marketplace. Co-founders Kunal Bahl and Rohit Bansal successfully pivoted Snapdeal to focus on India's price-sensitive Tier 2/3 consumers — a strategy validated by EBITDA profitability in FY2022. The withdrawn 2022 IPO, Meesho's competitive rise, and SoftBank's exit pressure are significant overhangs. At ₹141 per unlisted share (below the referenced exit price of ₹165), the stock reflects compressed expectations. The long-term India e-commerce opportunity remains large, but Snapdeal must navigate formidable competition, institutional shareholder pressure, and the imperative for investor liquidity to realise its potential.

Pros

Jasper Infotech is the holding company of Snapdeal — one of India's earliest and most recognised e-commerce brands, with an established pan-India logistics network, large registered seller base, and strong brand recall among value-conscious consumers
Snapdeal has successfully completed a value-focused strategic pivot away from competing with Flipkart and Amazon on premium segments — positioning itself as India's largest value e-commerce marketplace for price-sensitive consumers in Tier 2 and Tier 3 cities, an underserved but rapidly growing segment
India's e-commerce market is projected to grow from $70 billion in 2023 to $300 billion+ by 2030 (IBEF estimates), with much of the incremental growth expected from non-metro cities where Snapdeal's value proposition resonates strongly
Founding team of Kunal Bahl and Rohit Bansal are experienced serial entrepreneurs with deep domain expertise — they navigated Snapdeal through an existential crisis in 2017–18 (rejected Flipkart acquisition, near-insolvency) and successfully restructured to profitability
Snapdeal achieved EBITDA profitability in FY2022 after years of losses — a significant operational milestone demonstrating the viability of its lean, value-focused business model with controlled cash burn
Backed by major institutional investors including SoftBank, Nexus Venture Partners, Kalaari Capital, eBay, and Ontario Teachers' Pension Plan — reflecting historical validation from leading global technology investors
India's UPI-driven digital payments revolution and increasing internet penetration in Tier 2/3 cities directly expand Snapdeal's addressable market among first-time online shoppers

Cons

Snapdeal significantly lost market share to Flipkart (Walmart) and Amazon India through 2015–2019 — going from a near-equal competitor to a distant third or fourth in the Indian e-commerce market. Recapturing share from these well-capitalised incumbents is extremely challenging
The company withdrew its IPO filing in August 2022, citing adverse market conditions. This denied the company access to public capital markets and reflected investor scepticism about valuations — a significant setback for shareholders seeking liquidity
SoftBank — historically Snapdeal's largest shareholder — significantly marked down its investment value and has been seeking exits from its Snapdeal holdings, reflecting reduced conviction from the largest institutional backer
Snapdeal's GMV (Gross Merchandise Value) scale, estimated at $800 million–$1 billion annually, is dramatically smaller than Flipkart (~$23 billion GMV) and Amazon India (~$18 billion GMV), limiting its negotiating leverage with sellers, logistics partners, and brand advertisers
The value e-commerce segment faces competition from Meesho (backed by SoftBank, valued at $4.9 billion), which has also targeted price-sensitive consumers in Tier 2/3 cities with a social commerce model that has grown faster than Snapdeal
The exit price referenced in company data at ₹165/share and current OTC trading at ₹141 suggests the company's valuation has been under pressure, with shares trading below noted exit levels

Business Segments

Snapdeal Value Marketplace (Core)

Online marketplace connecting buyers and sellers of unbranded and value-priced products across fashion, home decor, lifestyle, electronics accessories, and everyday essentials — primarily targeting Tier 2/3 city consumers

Seller Services

Fee-based services to marketplace sellers including logistics (Snapdeal's proprietary delivery network), advertising (sponsored listings), and seller tools — monetising the seller ecosystem beyond pure transaction commissions

Revenue Model

Jasper Infotech (Snapdeal) generates revenue primarily through (1) commission fees (take rate) charged to marketplace sellers on each completed transaction — typically 5–15% of GMV depending on category, (2) seller advertising revenue from sponsored product listings and promotional placements on the platform, and (3) logistics services fees charged to sellers using Snapdeal's delivery infrastructure. The asset-light marketplace model (Snapdeal does not hold inventory) keeps capital requirements lower than inventory-led models. Revenue is directly correlated with Gross Merchandise Value (GMV) transacted on the platform.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds18

Growth Plans

India's Tier 2/3 city internet user base doubling to 800+ million by 2026, directly expanding Snapdeal's target market

Re-filing of IPO as market conditions normalise and tech/e-commerce valuations recover

Strategic merger or acquisition by a larger marketplace (Reliance/JioMart, ONDC ecosystem player) providing investor liquidity

UPI and digital payments adoption enabling first-time online shoppers in underserved markets

Recent Developments

IPO withdrawal — adverse public market conditions

Snapdeal (Jasper Infotech) withdrew its SEBI DRHP filing for an IPO in August 2022 after filing in December 2021. The withdrawal was attributed to sharp corrections in global tech and e-commerce company valuations — Indian e-commerce peers like Nykaa (FSN E-Commerce) had declined 60%+ from post-IPO peaks. SoftBank's planned ₹3,750 crore exit via the OFS component did not materialise.

2022-08

EBITDA profitability milestone achieved

Snapdeal reported EBITDA profitability for FY2022 — a landmark achievement after years of heavy losses during the aggressive expansion phase. This demonstrated the viability of the lean value marketplace model and strengthened the case for the planned IPO (which was subsequently withdrawn due to market conditions).

2022-04

SoftBank stake reduction and valuation write-downs

Comparable Companies

CompanyTypeTickerMkt Cap

FSN E-Commerce Ventures Limited (Nykaa)ListedNYKAALarge-cap

Meesho (Fashnear Technologies Pvt Ltd)ListedUnlisted$4.9 billion (2023 valuation)

One97 Communications Limited (Paytm Mall)ListedPAYTMMid-cap

Indiamart Intermesh LimitedListedINDIAMARTMid-cap

Frequently Asked Questions

Jasper Infotech Private Limited (CIN: U72300DL2007PTC168097) is the registered legal entity and holding company that operates the Snapdeal e-commerce marketplace (www.snapdeal.com). When investors buy shares of Jasper Infotech in the unlisted market, they are effectively acquiring an economic interest in the Snapdeal e-commerce business. Snapdeal is the brand and platform; Jasper Infotech is the corporate legal entity.

Snapdeal was co-founded by Kunal Bahl and Rohit Bansal. Kunal Bahl (CEO) is an IIT Delhi and Wharton alumni who previously worked at Microsoft. Rohit Bansal (COO) is an IIT Delhi alumni. They originally started the company in 2007 as a daily deals platform (similar to Groupon) before pivoting to an online marketplace model in 2010–11. They are promoters and significant shareholders in Jasper Infotech Private Limited.

Snapdeal reached a peak valuation of approximately $6.5 billion in 2016, backed by heavy investment from SoftBank ($900 million+). However, a combination of aggressive cash burn on discounting and marketing, management missteps, fierce competition from well-capitalised Flipkart and Amazon India, and a failed governance culture led to a rapid decline. By 2017, Snapdeal was near-insolvent and rejected a rescue acquisition offer from Flipkart. The founders undertook a painful restructuring — laying off ~600 employees, exiting non-core businesses (Freecharge, Vulcan Express), and refocusing on the core value marketplace.

Post-restructuring, Snapdeal has repositioned itself as India's value-focused e-commerce marketplace, targeting price-conscious consumers in Tier 2, Tier 3, and non-metro India. The platform focuses on unbranded and value-priced products in categories like fashion, home, and lifestyle — segments where premium competitors like Amazon and Flipkart are less dominant. This differentiated positioning enabled Snapdeal to achieve EBITDA profitability.

Jasper Infotech filed its Draft Red Herring Prospectus (DRHP) with SEBI in December 2021 for an IPO targeting ₹1,250 crore in fresh issue proceeds and ₹3,750 crore in offer for sale (primarily SoftBank's exit). However, in August 2022, the company withdrew the filing citing unfavourable market conditions as public market valuations for e-commerce companies had sharply declined following global tech sector corrections. The IPO withdrawal left SoftBank and other institutional investors unable to exit at their desired valuations.

Snapdeal's valuation has declined significantly from its 2016 peak of ~$6.5 billion. Post-restructuring, market estimates place its value at approximately $500 million–$1 billion based on comparable valuations and the withdrawn IPO pricing. The current OTC share price of ₹141 on paid-up capital of ₹354.36 crore implies a market capitalisation of approximately ₹498–500 crore, though this requires verification against the exact equity share count. SoftBank's write-downs of its Snapdeal investment further anchor lower valuation estimates.

About Jasper Infotech Private Limited (Snapdeal)

Jasper Infotech Private Limited, operating under the brand name Snapdeal, is one of India's pioneering e-commerce marketplaces founded in 2010 by Kunal Bahl and Rohit Bansal in New Delhi. Incorporated in 2007, the company grew rapidly to become India's third-largest e-commerce platform at its peak, competing with Flipkart and Amazon in the value-commerce segment. Snapdeal started as a daily deals platform before pivoting to a full-fledged online marketplace connecting millions of sellers with buyers across India. At its peak valuation of approximately $6.5 billion in 2016, the company had raised over $1.8 billion from marquee investors including SoftBank, Nexus Venture Partners, Kalaari Capital, eBay, Alibaba, and Foxconn. The company's user base exceeded 300 million registered users and it had over 500,000 active sellers on its platform. Between 2016-2018, Snapdeal went through a significant restructuring phase, declining a merger offer from Flipkart and pivoting to a 'Snapdeal 2.0' strategy focused on value commerce for price-sensitive buyers in smaller Indian cities and towns. The company made deep cost cuts, reduced headcount, and refocused on profitability over growth. By FY2023, Snapdeal reported revenue of approximately Rs.388 crore with a net loss of Rs.282 crore, reflecting ongoing investments in platform technology, seller services, and marketing. The company had filed its Draft Red Herring Prospectus (DRHP) for an IPO in 2022 but subsequently withdrew amid adverse market conditions. Snapdeal occupies a unique position in India's e-commerce landscape, serving the mass-market value segment with a focus on fashion, home goods, and electronics at accessible price points for Tier 2 and Tier 3 city buyers.

Key Milestones

2007 — Jasper Infotech Private Limited incorporated in New Delhi under CIN U72300DL2007PTC168097 by Kunal Bahl and Rohit Bansal as a coupon/deals platform

Common questions about unlisted shares

How do I buy Jasper Infotech Private Limited (Snapdeal) unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Fraud / GovernanceMedium

Snapdeal faces intense competition from Flipkart (Walmart-backed) and Amazon India at the premium end, and Meesho at the value end — both better capitalised and with faster GMV growth. The company's market share has declined significantly from its 2015 peak and recovery is uncertain.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Snapdeal's estimated GMV of $800 million–$1 billion is 20x–25x smaller than Flipkart and Amazon India. This scale disadvantage limits its negotiating power with logistics partners, payment processors, brand advertisers, and large sellers — creating a structural cost and revenue disadvantage.

Source: Company Financial Filings

LiquidityLow

The withdrawn IPO filing leaves early investors, founders, and employees with ESOPs unable to monetise their holdings. Future IPO timing is uncertain — adverse market conditions, Meesho's competitive success, and SoftBank's exit pressure create a complex shareholder liquidity situation.

Source: AlphaHub Research

Fraud / GovernanceLow

SoftBank — the largest shareholder — has been actively seeking exits from Indian startup investments. SoftBank's desire to exit may lead to secondary market transactions at discounted prices, or pressure on founders to pursue strategic options (merger, acquisition) that may not maximise long-term value.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Snapdeal's value marketplace focuses on unbranded and commodity products — a segment increasingly targeted by new entrants including ONDC (government-backed open commerce network), Meesho, and direct-to-consumer social commerce channels, potentially commoditising the value e-commerce segment further.

Source: Media Reports / Public Records

Competitive Intensity Risk

Scale Disadvantage Risk

IPO/Liquidity Risk

Institutional Shareholder Pressure Risk

Category Commoditisation Risk

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