Top Story

e4m_logo.png

Home >> Digital >> Article

eBay and Snapdeal join hands

05-June-2013
Font Size   16
Share
eBay and Snapdeal join hands

eBay has announced a commercial partnership with Snapdeal following an investment into the company. The partnership seeks to drive more consumer demand for eBay and Snapdeal merchants along with wider selection for India consumers in a rapidly growing market.

According to recent research from the Internet & Mobile Association of India (IAMAI), the Indian e-commerce market is projected to grow from approximately $1.2 billion in 2012 to $1.8 billion in 2013.

Commenting on the partnership, Jay Lee, Senior Vice President & Managing Director, eBay Asia Pacific said, “The growth of online shopping in India is at an exciting phase. We chose to partner with Snapdeal due to their complementary business model, good management team and strong brand.”

Kunal Bahl, Co-Founder & CEO, Snapdeal added here, “We are delighted that eBay, a global industry leader, has chosen to invest in our company - a strong testament to the strength of our brand and business model. We are excited about partnering with eBay and working closely with the eBay India Leadership team to grow the local market for the benefit of Indian consumers and merchants.” 

The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve

Markus Noder, Managing Partner, Serviceplan International, shared innovative tools, ideas and methodologies to generate tangible business values

The primary reason that led to growth of OTT is the constant improvement of internet speed and service across the country: Sandeep Gupta, ACT Fibernet

India has become the diabetes capital of the world, with prevalence of the disease estimated to rise from 69.2 million to 123.5 million by 2040

Laban Stretchy Man, the new human shaped, stretchy, fruit flavoured chews from Orkla- Norway’s number one confectionery brand, has been launched and localized by MTR Foods in India