Bullish on e-commerce potential in India, Mahindra group is set to expand in the segment with its specialty retail venture Mom & Me and also gearing up to adopt franchise model for the next stage of expansion.
People love online retailers because of easy accessibility and hassle-free experience. Over the years, online shopping stores have emerged as a better alternative to the crowded parking-scarce shopping malls.
Ratan Tata said e-commerce is one of the areas where is he looking to personally invest because of its "good potential" as a large proportion of the country's consuming public do not have the required access to goods.
Upping its ante, e-Commerce giant Amazon on Wednesday said it will invest $2 billion (over Rs 12,000 crore) in India to expand business, a day after its largest Indian rival Flipkart announced USD 1 billion in funding.
Japanese consumer durables major Panasonic plans to start selling its products directly to its consumers through 'E-Store' after the government in the Budget allowed manufacturers to take up the online route.