India’s e-Commerce Market Explodes
India’s US$2.3 billion annual e-commerce market has caught fire following two big-ticket announcements this week. First, homegrown market leader Flipkart, a US$1.76-billion e-commerce conglomerate founded in 2007 by two ex-Amazon employees, raised more than US$1 billion in India’s capital markets.
That was followed by Amazon itself, the Seattle-headquart…
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