India’s FlipKart shops a $200m round
Indian e-commerce is in a state flux. While penetration is still relatively low compared to developed nations - just one in 10 Indians has access to the internet - the industry was worth $14 billion last year and growing rapidly. Competition for wallet space is fierce.
In the last six months alone there has been a wave of consolidation as youthful websites that have yet to achieve critical mass struggle with the twin burdens of high operating costs and low margins. Of...
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