Wall Street Takes Cares Of Online Buyers In India

BANGALORE: The festive bonanza is still on and Indian consumers are enjoying it at the fullest as various e-commerce companies are offering a lot of extraordinary deals on the products and services.  Say it a race to win the title of e-commerce king or is it the game of pulling extra bucks raising the billion dollar sales, the e-commerce firms like Flipkart and Snapdeal and Seattle-based online commerce Amazon are on fire.

It seems the investments are raining in these firms, over the past year, Wall Street hedge funds and big internet investors like Yuri Milner's DST Global and Masayoshi Son's SoftBank Corp are pouring billions of dollars into Indian online retail firms. Flipkart and Snapdeal alone have raised about $3 billion this year.

It is this funding from the big investors that helped these firms to give such handsome offers in the festive seasons. Ultimately, Indian consumers are being sponsored by investors on Wall Street.

On the other hand, the investors in these companies also projects that Indian consumers can expect the good ride to continue non-stop for the next couple of years making online shopping extremely attractive. And these exciting offers are not only limited to computers, phones and any other gadgets but also on the App-driven cab companies like Uber, Ola, and TaxiForSure to name a few.

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