LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Small Business News

Snapdeal to close consumer-to-consumer selling portal Shopo on February 10

Snapdeal will shut its consumer-to-consumer selling portal Shopo on February 10 this year.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Snapdeal to close consumer-to-consumer selling portal Shopo on February 10
Shopo is a platform for small and individual sellers to chat and sell products directly to consumers without any charges or commissions going to Snapdeal. Representational Image. Image Source: Official Website
Written By: ZeeBiz WebTeam
Updated: Thu, Feb 09, 2017
02:55 pm
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Kunal Bahl expects Snapdeal to turn profitable in next 2 years Kunal Bahl expects Snapdeal to turn profitable in next 2 years
Snapdeal's losses widen 125% in FY16; falls to third spot Snapdeal's losses widen 125% in FY16; falls to third spot
Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank  Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank
SoftBank loses $350 million on Indian investments including Ola, Snapdeal SoftBank loses $350 million on Indian investments including Ola, Snapdeal
Housing.com’s ex-CEO Jason Kothari to now join Snapdeal Housing.com’s ex-CEO Jason Kothari to now join Snapdeal

Home-grown online e-commerce company Snapdeal recently announced to close its consumer-to-consumer (C2C) selling portal Shopo from February 10 this year. 

"The e-commerce market in India will continue its robust growth. However, we realise that it will take some more years for a broader ecosystem to develop around the C2C segment. It is tempting to go on, but it is often beneficial to pause, take stock and plan ahead for greater success. It is time for us to pause the Shopo journey for now," cited Shopo on its blog post on February 3. 

ALSO READ: Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank

Snapdeal had acquired the C2C portal Shopo in 2013, according to The Times of India report. The recent development has emerged amidst Snapdeal struggling to raise fresh funds from new investors and focusing on cost-cutting measures. 

Shopo is a platform for small and individual sellers to chat and sell products directly to consumers without any charges or commissions going to Snapdeal.

"While the Shopo app and web storefront will stop working from February10,  2017, we will continue to available at support@shopo.in for any help that you may need. We are committed to make this transition as smooth as possible for our partners," Shopo said in a blog post. 

 

"We started, an year and a half ago, from a small conference room with our mission to enable small and individual sellers across India to sell online. In this short time, we have together discovered the dynamism and vibrance in the C2C space in India. We thank you for your support and feedback that enabled our young team to help more than two lakh sellers start and grow their online shops," Shopo further said in a blog post. 

ALSO READ: Snapdeal's losses widen 125% in FY16; falls to third spot 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ShopoStartupsSnapdealcloseconsumer-to-consumer selling portalfebruary 10fresh fundsshopo appshop webindiaC2C spacec2c
RELATED NEWS
Kunal Bahl expects Snapdeal to turn profitable in next 2 years Kunal Bahl expects Snapdeal to turn profitable in next 2 years
Snapdeal's losses widen 125% in FY16; falls to third spot Snapdeal's losses widen 125% in FY16; falls to third spot
Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank  Snapdeal in talks to raise fresh funds from Japan's telecom & internet firm SoftBank
SoftBank loses $350 million on Indian investments including Ola, Snapdeal SoftBank loses $350 million on Indian investments including Ola, Snapdeal
Housing.com’s ex-CEO Jason Kothari to now join Snapdeal Housing.com’s ex-CEO Jason Kothari to now join Snapdeal

LATEST NEWS

USD vs INR: Positional term outlook for April Futures remains strong as INR could slip further, expert says

Stock Market Outlook: Nifty, Bank Nifty support range REVEALED; Anil Singhvi says global cues, corona cases and FIIs data will be crucial

7th pay Commission: This is what Centre said about pending DA installments; staffers to get it by 'this' month

Daily Covid-19 cases spike to new record, nears 1.5 lakh infection; Uddhav Thackeray calls all-party meet to review corona situation in Maharashtra

$100 mn investment proposal in Hero Fincorp secured debt: What International Finance Corporation said?

West Bengal election 2021: LIVE UPDATES! 66.76% voter turnout recorded till 3:39 pm; 4 people killed, 4 injured in firing incidents

FD fraud: SBI issues alert for customers, says avoid THESE things or else you will lose money

Bihar schools, colleges and other educational institutes to remain closed till THIS date—what Nitish Kumar said

CBSE exams 2021 cancellation demand: Board has big update for Class 10, 12 students

Indian Railways to provide service as per demand; 1402 specials, 5381 Suburban trains already in operation, says Railway Board chairman

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved