Analyze the relationship between 'Snapdeal' and 'Kunal Bahl' within the context of the input sentence.
Options: distributed by, legal form, position held, founded by

"We see this milestone as a significant endorsement of Snapdeal's strategy and commitment to create life changing experiences for millions of small businesses and consumers in India," Snapdeal Co-Founder and CEO Kunal Bahl said.
founded by