Coupang doesn’t plan to go into the Indian marketplace, the corporate mentioned, refuting an area media file that claimed that the South Korean e-commerce company had expressed pastime in coming into the South Asian country.
“Coupang has no plans to go into the Indian marketplace,” an organization spokesperson instructed TechCrunch in a commentary.
India is without doubt one of the quickest rising e-commerce markets and is estimated to be worth $150 billion in three to four years, consistent with wealth control and analysis company Bernstein.
The Indian conglomerate Reliance is poised to outpace incumbents Amazon and Walmart-backed Flipkart within the race for the rustic’s e-commerce marketplace, Bernstein projected in a scathing report back to purchasers this month.
Coupang, the biggest on-line market in South Korea, has expanded to Japan and Taiwan lately.