Launched by the head honcho of Jasper Marketing Solutions, Kunal Bahl, Snapdeal offers some great daily deals with attractive discounts at top weekend getaways, restaurants, spas, tattoo parlors and even dance classes.

The company has been launched with an idea of bringing together both sellers and buyers in a collaborated way. What the portal does is provide customers with extremely cost-effective deals as well as retailers a wide set of new client base.

Bahl, the Wharton School of Business graduate, has previously worked with Microsoft. Snapdeal, just recently started by the dynamic and innovative businessman, has taken remarkable strides. In a span of a month, it has received more than 90,000 hits.

Commendably, it has made this progress sans any marketing initiative. The company is relying on the word-of-mouth publicity mode to attract more users to the portal. Snapdeal has already initiated a Facebook community to keep the people updated on various deals. It has attracted more than 11,000 fans within a month.

Payments are done on its online interface (www.snapdeal.com) through credit cards. Once the money is received, the consumer concerned is informed through an SMS as well as an email that has a link to print his/her special SnapDeal voucher. It can also be redeemed at the outlet/s mentioned during the validity period.

The portal presently offers its services in three leading cities, namely Delhi, Bangalore and Mumbai. It has more than 200 retailers. The expansion plan is on the anvil, as the company is planning to bring more cities and retails under its fold. It is targeting to cover 25 cities by the end of 2010.

The discount Snapdeal claims to offer is in the range of nearly 50-80 per cent. So, isn’t that a steal?