Snapdeal incurs average monthly expense of over ₹160 crore
According to a Livemint report, e-commerce platform Snapdeal has an average burn rate of about ₹160 crore per month. In comparison, Snapdeal has only raised about ₹140 crore in the current fiscal, down from nearly ₹9,400 crore it had raised in 2014 and 2015. Amid the ongoing crash crunch, Snapdeal Co-founders recently asked employees to "take tough decisions...to curtail expenses."