India’s 0.1% Online Market has VCs Seeking New Facebook

Indian shoppers shy away from credit cards, demand hefty discounts, and occasionally never pay up for online purchases. An unreliable postal system also means Web retailers have to bear the costs of funding an army of delivery personnel.

Online sales account for about 0.1 percent of India’s retail market, compared to 3.8 percent in China and 8 percent in the U.S., according New Delhi-based consultancy Technopak Advisors Pvt.

Tiger, Accel and others see that as an opportunity.

Source: India’s 0.1% Online Market has VCs Seeking New Facebook - Bloomberg

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