India’s commerce is predominantly offline, particularly for gadgets, but the online commerce industry is growing at a rapid clip.
The potential of the internet has helped a number of online retail startups rake in investor money to position themselves for future opportunities. India is estimated to have 213 million internet users, up 23% since December 2014, and growth is set to continue.
In recent news, Chinese electronic-commerce company Alibaba Group and iPhone assembler Foxconn are in talks to jointly invest about USD 500 million in Snapdeal.com.
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