Snapdeal acquires predictive marketing technology firm, TargetingMantra

The boutique technology company has done path-breaking work in personalizing the shopping experience for customers on e-commerce platforms

BestMediaInfo Bureau | Delhi | May 6, 2016

E-commerce platform Snapdeal, which claims to be the largest online marketplace in the country, has acquired 'TargetingMantra'. The boutique technology company has done path-breaking work in personalizing the shopping experience for customers on e-commerce platforms.

TargetingMantra was founded by Saurabh Nangia and Rahul Singh in March 2013 and now has offices in Palo Alto and Gurgaon. The company provides a unified platform to manage customer life cycle through personalization, targeting and big data analytics.

TargetingMantra specialises in building products that enhance the customer buying experience and increases conversion rates through intuitive product discovery, recommendations and channel selection. TargetingMantra's founders have wide experience in machine learning and the e-commerce industry. At Snapdeal, TargetingMantra's team will further the on-going initiative to build the 'customer experience engine' which will personalise shopping experiences for customers.

Speaking about the acquisition, Rohit Bansal, Co-Founder, Snapdeal, said, “At Snapdeal, we are always on the lookout for talented teams, who come with complementing tech skills, which can further enhance the experience for our customers. Personalisation is a key piece which helps consumers discover and transact in a fast, frictionless and intuitive manner. The Targeting Mantra team comes with valuable experience in driving superior customer experience through machine learning. We are thrilled to have them join us on our journey towards achieving 20 million daily transacting users by 2020.”

Rajiv Mangla, CTO, Snapdeal, said, “Snapdeal is making concerted efforts towards building new tech products that will define the future of online shopping. We look forward to co-creating new benchmarks in customer experience with the TargetingMantra team.”

Commenting on the acquisition, Saurabh Nangia, Co- Founder, TargetingMantra, said, “We are very excited to become a part of the Snapdeal family. Given Snapdeal's customer centric approach to technology, TargetingMantra can add immense value to shaping shopping experiences on the platform.”

Rahul Singh, Co-Founder, TargetingMantra added, “We are looking forward to rolling out our solutions to Snapdeal's huge customer base. Going forward, we are confident that Snapdeal will be at the helm of more innovations in personalisation space.”

Info@BestMediaInfo.com

Info@BestMediaInfo.com