Alibaba may infuse funds in Snapdeal to enter India
One of the world’s largest e-commerce platforms original parkas similar to canada goose outlet . China's Alibaba. is said to be negotiating a deal with online retailer Snapdeal to enter India's burgeoning online retail market. The company may invest in the latter as it is looking at sizing up its market in the country.
As of now parkas similar to canada goose outlet . Alibaba has been linking Indian merchants with overseas buyers and sellers. If the deal between Alibaba and Snapdeal gets through. it will create a strong competition for players like Flipkart and Amazon parkas similar to canada goose outlet original . who are currently leading the space. While the Chinese company is quite late in exploring Indian e-commerce market, canada goose drake jacket for sale store online . it has the advantage of size by sales Alibaba is bigger than Amazon and eBay combined and funds worth 25 billion dollars (Rs 1 parkas similar to canada goose outlet . 52 online parkas similar to canada goose outlet . 500 crores) raised through IPO this week.
After Flipkart and Amazon announced aggressive plans with increased funding parkas similar to canada goose outlet , canada goose womens jackets sale for kids outlet online . the third marketplace model in line parkas similar to canada goose outlet buy , canada goose winnipeg jackets store online . Snapdeal has announced various measures aiming to cross sales of over Rs 6. 000 crores from fashion in the fiscal 2016 cheap canada goose winter coats le baron . To achieve its target cheap canada goose mens tremblant softshell jacket . the company is bringing skilled designers on board while launching occasion-based fashion stores as well virtual trial rooms canada goose parkas edmonton store . The company is expecting sales of Rs 1. 500 crores this fiscal from fashion discount coupons for canada goose parka outlet online .
Snapdeal has managed to raise over 233 million dollars (over Rs 1 cheap canada goose montebello parka sale steel . 400 crores) this year from investors including Premji Invest cheap canada goose jackets and parkas retailers guelph . Temasek and eBay Inc. With its ‘bachate raho (keep saving)’ tagline and focus on unbranded products sold by small manufacturers and retailers. Snapdeal has established itself as a mass-retailer. with over half of these 50 real canada goose in rome . 000 merchants selling fashion and lifestyle products that account for 60 percent of its orders.
The plan now is to focus on the branded and premium fashion segment. Electronics accounts for 30 percent of the online retail market while fashion and lifestyle accounts for 25 percent. according to a study by Technopak parkas similar to canada goose outlet . But the latter is expected to grow to reach 30 percent of the market in 2019.
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