‘Quoted Out of Context’ – Rohit Bansal Pens a Blog to Clarify His Stand

Shown Above: Rohit Bansal, Co-Founder, Snapdeal - Image Source

Shown Above: Rohit Bansal, Co-Founder, Snapdeal – Image Source

Earlier today, Flipkart CEO Sachin Bansal tweeted a witty competitive remark against a statement Rohit Bansal, Co-Founder & COO, Snapdeal had made in WSJ on how there is no adequate talent in India and hence the company is looking to hire people from overseas. The comment by the latter didn’t go down so well among tweeps in the digital industry, and seemed a little unexpected since the company has reached a valuation of $2 billion with a team that majorly consists of Indian professionals itself. In order to clear the air, Rohit Bansal has come out in public to give a statement to clear his stand. It reads as follows

Snapdeal is a technology company at heart, which is built by a team of phenomenally talented people including 1000 of the best engineers in the country (myself being an engineer too). In a short period of 3 years since starting our online marketplace for products which very few companies were doing in the country back then, we and our rockstar team have built a platform which now touches and provides joy to the lives of millions of businesses and consumers. And the credit to doing all this goes to our entire team, who have put their blood and sweat into making it happen and continue to feel as passionately about it as they felt on day 1.
With this early success and growing scale, we are supercharged to continue building a world class team that can take our technology platform and vision to the next level. India, being the engineering centre for the world, has some of the smartest engineers on the planet. At the same time, the internet industry in India has been very small until recently and hence the building of at-scale technology products out of India is a more recent phenomenon. In many other geographies around the world, the market has been much larger for a while and hence far more at scale products have been built out here.
We’ll continue to learn from first principles the way we have done till now and build the best and the largest technology platform for India. In parallel, we feel it is the right thing to do to bring on board some select folks from around the world who have had the experience of building technology at scale. This will not only act as a catalyst in enhancing the learning curve of our ever-hungry team, but also help raise the bar for how at scale consumer technology should be built in India.
It is never a fun feeling to be misquoted (or quoted out of context), and hurts when people do that as a way to get headlines for themselves. Hence I thought I’ll substantiate on what we said, and clarify this to our team, users, country and the world.
Rohit Bansal
An Indian engineer who’s trying to make the country a better place with a rockstar team
Related Read:  #Marketwire - Snapdeal Shifts Away from Purely Marketplace Model; India to Hit 500M Internet Users by 2020 & More

 Hope this settles the Bansal v/s Bansal discussion for now.