Lately, Indian ecommerce industry has been all about big numbers and massive PR. Flipkart raised a billion dollar. Amazon announced $2Bn investment in India. And now, there are news of Snapdeal raising money from Ratan Tata (apart from another rumor that they are raising $300mn in PE funding).
“While his holding is unlikely to be high, its real significance would lie in the buzz it would create for the four-year-old firm. Tata has always had in interest in technology; even so, the deal, if it goes through, would mark the ultimate coming together of the old and new guard.” [via]
What’s NextBigWhat for Snapdeal? Founder, Kunal Bahl has been extremely vocal about the over-valuation of competition like Flipkart.
Watch this chat with him.
Also, Reliance is launching its ecommerce service. That is, its raining offers for consumers.
Recommended Analysis : FlipKart Vs Amazon – Of Billion Dollar PR And A Look At Real Data