SoftBank-backed Indian e-commerce firm Snapdeal predicts profits in 2 years

SoftBank-backed Indian e-commerce firm Snapdeal predicts profits in 2 years

Kunal Bahl, CEO of India's e-commerce firm Snapdeal, speaks during an interview with Reuters in Mumbai, India, February 6, 2017. REUTERS/Shailesh Andrade

Indian e-commerce firm Snapdeal expects to turn profitable in the next two years, its CEO said, as the company cuts costs and boosts efficiency in a market currently dominated by homegrown Flipkart and U.S. internet giant Amazon.

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