Alibaba Partners With Kotak, IDFC To Aid Sellers On Its Platform

The Chinese e-commerce company is partnering with Aditya Birla Group’s NBFC arm, IDFC Bank, and Kotak Mahindra Bank to offer financial support to Indian sellers on its platform and has entered into an agreement with DHL and Delhivery for providing domestic and international logistics support. In the first phase of its aggressive entry into the Indian market, Alibaba is looking to tap SMEs focused on exports. The company reportedly has 6 million registered Indian buyers and sellers trading on its website.