Snapdeal acquired ‘TargetingMantra’, a boutique technology company, which has done path breaking work in the field of personalizing shopping experience for customers on e-commerce platforms.
Founded by Saurabh Nangia and Rahul Singh in March 2013, TargetingMantra 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 for enhancing customer buying journey and increasing conversion rates through intuitive product discovery, recommendations and channel selection. TargetingMantra’s founders come with rich experience in machine learning and e-commerce industry.
Image Source: Snapdeal Blog
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 this 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. personalization is a key piece which helps consumers discover and transact in a fast, frictionless and intuitive manner. The TargetingMantra 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 personalization space.”
TargetingMantra was one of the top 10 who made it to the Nasscom Emerge 50 2015 Awards – League of 10 and was part of 500 startups accelerator. TargetingMantra has raised $1.1 M in Sep 2014 from investors including 500 startups, Nexus Venture Partners and One97 Mobility fund. (by Paytm founder)
Source: Snapdeal Blog