Snapdeal grosses about Rs 500 cr in annual savings from cloud service since 2016

E-commerce player, Snapdeal’s cloud service has paid rich dividends, booking over Rs 120 crore each in annual savings since its launch in 2016, according to a senior company official.

The online marketplace had invested about Rs 125 crore four years ago to set up cloud services.

The New Delhi-based firm, founded by Kunal Bahl and Rohit Bansal in 2010, has cumulatively saved around Rs 500 crore since then, making four-times the investment it made four years back, Prashant Parashar, head of technology at Sanpdeal told PTI on Monday.

Called Cirrus, the cloud service has 16 petabytes of storage and can serve as much as 11 billion customers a month, he said, adding over 85 per cent of its 70 million monthly visitors are from small towns.