Exclusive: HP Shuts Photosharing & Printing Service Snapfish in India & 3 Other Countries
Hewlett- Packard owned digital photo sharing and printing company Snapfish is shutting down services in India to focus on “core markets.” Snapfish will also shut its services in Belgium, Netherlands and Spain. The service was launched in India in 2007 as a retail digital printing service.
The company said that its services won’t be available in India as of 16 September 2013. Customers should complete saved projects and place orders by the closing date after which projects won’t be accessible. Snapfish is asking users to use Photojaanic, which has partnered with Snapfish in India.
The web service was launched in 1999 by Rajil Kapoor, Balaparthasarathy, Suneet Wadhwa and Shripati Acharya. It was acquired by HP in 2005 for $300 mn, a day after Yahoo announced the acquisition of photosharing site Flickr. Kapoor is now the Managing Director of Silicon Valley based venture capital firm Mayfield and Bala/Sripati are part of Bangalore based incubator, AngelPrime.
The shut down could have to do with the parent company’s turnaround plan under Meg Whitman. At the most recent quarterly results, the troubled PC maker led by Whitman, raised its earnings outlook. The company’s net income for the second quarter of 2013 fell to $1.08 bn as compared to $1.59 bn last year.
Hattip: Bharat Agarwal