IPO in 5 years or less, will be a board decision: Snapdeal

We are an Indian company and will launch an IPO in India, that's the word coming in from Kunal Bahl of Snapdeal. "We want to make sure we continue to be a company that is based in India and domiciled in India and hopefully goes public in India," he says.

However, he is quick to add that an IPO is still some time away. "I think five years or less. But it's really a decision for our board, not only my decision because we have to make sure that we build the necessary infrastructure and capability while we are still a private company and can have relatively long-term vision on our investments. The moment you become a public company, we have to start managing quarters and sometimes end up being short sighted in your investment cycles," he adds.

Speaking to CNBC-TV18, he also spoke about the government's plans to regulate the e-commerce sector. He hopes the new rules will not stifle growth.