{"id":1798,"date":"2018-07-09T08:21:37","date_gmt":"2018-07-09T08:21:37","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=1798"},"modified":"2025-06-26T05:11:20","modified_gmt":"2025-06-26T05:11:20","slug":"become-seller-snapdeal","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/become-seller-snapdeal\/","title":{"rendered":"How to become a Online Seller on Snapdeal?"},"content":{"rendered":"
Online seller on Snapdeal is an e-commerce company that started in February 2010. Kunal Bahl and Rohit Bansal are the founders of the company. It is one of India’s largest online company selling over around 30 million products across 800 plus diverse categories from over 125,000 regional, national, and international brands and retailers and a reach of 6,000 towns and cities across the country.<\/p>\n
Major investors of Snapdeal are SoftBank Corp, Ru-Net Holdings, Tybourne Capital, Nexus Ventures, Alibaba Group, Indo-US ventures, eBay, Temasek Holdings, Kalaari Capital, Saama Capital, Foxconn Technology, and many more. The first funding received was about USD 12 Million from Nexus Venture Partners and Indo-US Venture Partners in 2011.<\/p>\n
Snapdeal has succeeded in acquiring many other company websites like Bengaluru\u00a0based website Grabbon.com, Delhi based online sports goods company esportsbuy.com followed by a handcraft products company Shopo.in. and many more. The major acquisition made by the Snapdeal was Freecharge in 2015.<\/p>\n
Becoming an\u00a0online seller<\/a> <\/strong>on Snapdeal requires various documents \u00a0–<\/p>\n Before becoming a seller on Snapdeal, one should have the GSTIN<\/a><\/strong> as per the laws of the government. If an established business wishes to sell its products on Snapdeal, then the process is not too long for them as they already have registered GSTIN<\/strong>. If a new seller wants to start selling then he must acquire GST IN, tax registration, etc.<\/p>\n It may not be required for existing business entities or existing sellers. But for new sellers, PAN Card, TIN Registration process, and Bank Account are required to be registered first. If an established business entity is not readily available during the registration process, to start a Private Limited Company<\/a><\/strong> or Limited Liability Company<\/a><\/strong>. It is often suggested that e-commerce\u00a0sellers<\/a><\/strong> should start a Private Limited Company<\/a><\/strong> because it offers quick scaling up and easy access to bank or equity funding. While on the other hand, Limited Liability Company<\/strong> has restrictions while raising bank or equity funding, that’s why not recommended.<\/p>\n During the Snapdeal registration process, the Permanent Account Number has to be submitted bearing the name of the business entity. Both Private Limited Company or Limited Liability Company have PAN Number in the name of the business entity. In the case of Proprietorship, the PAN Number would be on the name of the Proprietor.<\/p>\n It is compulsory to have a bank account in the name of the business entity. A copy of the canceled cheque has to be submitted during the Seller Registration process<\/a><\/strong>. It is easy to open a bank account in the name of the business by submitting the certificate of PAN Card and Incorporation in case of Private Limited Company or Limited Liability Company. It becomes cumbersome for a proprietorship to open a bank account in the name of the business because the existence of the business has to be proved by other tax or registration.<\/p>\n To become a seller on Snapdeal, one must follow a certain process-<\/p>\n1) GSTIN<\/strong><\/h3>\n
2) Business Registration<\/strong><\/h3>\n
3) PAN Card<\/strong><\/h3>\n
4) Bank Account<\/strong><\/h3>\n
Snapdeal Seller Registering Process –<\/h2>\n
1) Business Registration<\/strong><\/h3>\n