You are here: Home » PTI Stories » National » News
Business Standard

Snapdeal to hire 120 engineers this year

Press Trust of India  |  New Delhi 

platform Monday said it is looking to expand its with the addition of 120 engineers this year as it enhances personalisation and recommendation features for its users.

The company, which competes with larger rivals like and Walmart-owned Flipkart, said its '2.0 strategy' (launched in August 2017) has helped driving 3X growth in business volumes, while reducing costs by 90 per cent.

"This resurgence also enabled to become the first company in to become cash flow positive, giving it the freedom to invest its earnings in growing the business," Snapdeal said in a statement.

The company said it had hired nearly 150 new team members, mostly in the technology, engineering, product and design teams in 2018-19. Interestingly, more than half of the new hires in 2018-19 were former employees opting to rejoin across technology, supply chain, user growth, marketing and business verticals at Snapdeal.

"In the coming months, Snapdeal is looking to hire nearly 120 engineers who will work on various projects in the domains of machine learning, gamification, personalisation, cloud-agnostic production systems, etc," it added.

The positions span across entry, mid and senior positions in areas such as artificial intelligence, machine learning, full stack, back-end, and front-end engineering, it said.

Snapdeal said it is also looking at adding vernacular components to the buying experience.

"The is helping Snapdeal to deepen its efficiency initiatives... improve the experience for users and also lower the cost of operations. Technology continues at the heart of Snapdeal 2.0's success in driving growth, superior experience and more efficient operations," it noted.

Snapdeal, which had seen its business being impacted severely by the intense competition in the segment, had in 2017 dumped a USD 950-million takeover offer from rival, It was then that Snapdeal co-founders, and had said Snapdeal will pursue a fresh strategy in the Indian market.

This strategy has helped Snapdeal narrow its consolidated losses substantially to Rs 613 crore for 2017-18 from Rs 4,647.1 crore in 2016-17.

Apart from trimming headcount, the company also sold its payment services unit, to and to Kishore Biyani's Future Solutions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 18:35 IST