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

"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