MUMBAI Feb 6 Indian e-commerce firm Snapdeal
expects to turn profitable in the next two years, its CEO said,
as the company takes steps to cut costs and boost efficiency in
a market currently dominated by homegrown Flipkart and U.S.
internet giant Amazon.
Kunal Bahl, who co-founded Snapdeal in 2010, also told
Reuters in an interview on Monday that the online marketplace
provider backed by Japan's SoftBank Group did not
immediately need to raise capital unless it makes an
"I see a relatively clear line of sight to (profit) and
we've been making great progress in that direction also," Bahl
(Reporting by Sankalp Phartiyal; Editing by Muralikumar