Snapdeal boss offers support to new-age entrepreneurs, says founders need 100x early stage funding

The popular reality TV show 'Shark Tank India' saw a number of entrepreneurs pitch their unique ideas. Most of the business on the show managed to impress a number of investors and take home a sizable funding.

According to Crunchbase, the global venture capital (VC) funding hit an all-time high in the first half of 2021 with an investment of more than $288 billion worldwide.

In a post on Tuesday, Snapdeal co-founder Kunal Bahl claimed that the global VC scenario right now is at $2 trillion, but many investors in India have a feeling that a lot of funds are floating around.

Bahl, an entrepreneur who turned into an investor, said that it is concerning to see a number of 'amazing' founders go unfunded because they couldn't raise money when they needed to.

"The number of amazing founders chasing big ideas who go unfunded just because they didn't find capital when they needed it, is still huge. In India, we need 100x early stage VC dollars vs today," his caption read.


An early startup player in the country, the 38-year-old had always praised India's start-up culture.


Bahl began his e-commerce company in February 2010 with his school friend Rohit Bansal at the age of 28.

In September 2019, Bahl, along with Bansal, turned investors through their VC firm Titan Capital. With names like Bira 91, Mamaearth, Ola, Razorpay & Urban Clap, the VC backs over 150 companies in India and the US.

Meanwhile, Bahl is also proud to have retained his employees. Insights on Snapdeal show that the ecommerce company has a 6.4-year median tenure of retention.

"Retain more = need to hire less," he wrote.


When a user said his dad was a former employee who always had good things to say about SnapDeal's culture, a humble Bahl replied, "Thank you, but gosh! You are making me feel old!"


The entrepreneur-turned-investor also retweeted another user's reply to his post which lauded the company.

The reply said, "This is such a positive post, thanks for sharing and this is really great to see the employees staying for such a long tenure... Speaks big volume about the company."