The boom of the domestic online industry is being amplified by the huge movement of talent from across the industries to the online businesses
With the rapidly expanding e-commerce businesses in India, hiring activities are expected to grow by over 30% in the sector and create up to 50,000 jobs in 2-3 years
The space of online marketplace in India has witnessed an explosion of activities in the recent past with established players like Amazon fighting with home-grown players like Flipkart and Snapdeal for the bigger slice of the market. A plethora of other players like FabFurnish, Urban Ladder, Lenskart etc are also giving the bigger players a run for their money and battling it out with VC investors for more funding. The latest development in the space is that China’s Alibaba is looking to enter India’s booming online retail industry and is in talks with Snapdeal, newspaper reports suggest. The news is significant considering the size of the company – it is bigger than Amazon and eBay combined and was valued at $165 billion at the conclusion of its initial public offer.
Before we get into the nitty-gritty side of the story, let us look at what has spurred this online revolution. Internet has transformed the way business is done. Be it buying clothes, furniture or eve...
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