Online marketplace #snapdeal has now entered into the services commerce space. In a first, Snapdeal will now be a marketplace for education services companies.
With this move, Snapdeal seeks to aid online education companies in the distribution of its services.
“There are lots of companies which have great learning content but no marketing and distribution. They face the same challenges which sellers of physical products faced before e-commerce started to become big,” said Kunal Bahl, founder, Snapdeal. (via)
He expects the space to be worth $3-4 billion in the next few years.
Snapdeal currently has partnered with 6 online education companies for the new offering. Sites whose services will be distributed via Snapdeal include Edukart, Mockbank, Simplilearn and TestFunda.
The Indian e-learning technology market had grown to $173.4 million in 2013.
Snapdeal looks to rake in 20% of its turnover from the services commerce business in the next few years(via). The entry into being a marketplace for online education will aid this. The company is also looking at a US listing soon.