ShieldSquare Raises USD 350K in Angel Round Funding

ShieldSquare Raises USD 350K in Angel Round Funding

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Bangalore based ShieldSquare has raised USD 350,000 in angel round funding lead by multiple investors including redBus founders Phanindra Sama, Charan Padmaraju and P Sudhakar, Murugavel Janakiraman of Matrimony.com, Girish Mathrubootham of Freshdesk, Pallav Nadhani of Fusioncharts, Samir Sood ex Google M&A Head for South Asia & Australia.

Snapdeal Claims to Become Yet Another ‘First E-Comm Firm to Turn Profitable’

Snapdeal Claims to Become Yet Another ‘First E-Comm Firm to Turn Profitable’

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In an interview with Aveek Datta, a Columnist associated with The Financial Express, Snapdeal’s CEO Kunal Bahl said that “We will surely be the first e-commerce company to turn profitable in India because of the business model we follow and our commitment to it.” Bahl states Snapdeal has taken a conscious decision to stay away from diversifying into developing and selling private labels and stocking inventory, like some of its peers.

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