Amazon

Snapdeal is betting big on India’s tier 2 and 3 market to realize greater ambitions.

India’s online beauty and personal care market is set to cross USD 3.5 billion by 2022.

The total retail opportunity in India stood at USD 805 billion last year, with online contributing to about 3% of the total market size.

Qoo10 acquired India’s once unicorn e-tailer ShopClues at USD 80 million.

In 2018, Chinese VCs pumped USD 5.6 billion in India, surpassing investments coming from the US, and Japan.

Its competitor, Walmart-owned Flipkart also has plans to invest USD 352 million into its food retailing arm.

The 2012 founded company has reported a 76% jump in total revenue to USD 143.5 million in financial year 2019.

Indian commerce ministry is investigating online marketplaces Flipkart and Amazon India for alleged predatory pricing.