Amazon's Junglee.com in India
By siliconindia   |   Friday, 03 February 2012, 00:21 IST
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Amazon's Junglee.com in India
Bangalore: Amazon.com, the American online retail giant, has entered the Indian market with an online shopping site, Junglee.com, powered by $48 billion. The online shopping service by Amazon facilitates customers to locate and find out products from online and offline retailers in India and from Amazon.com. As e-commerce is picking up, India has turned into the 3rd largest internet market, following U.S. and China. The rumors of the online retailer entering the country have been around for quite a while now. The website claims to provide over 1.2 crore products and 14,000 brands for its customers. The popular e-book reader, Kindle, is also being sold on the site. The e-commerce market in India has doubled from $4 billion in 2009 to $10 billion in 2011. 40 Indian startups are said to have poured $350 million in 2011, as compared to $43 million by 11 companies in 2009. Jeff Bezoz founded Amazon in 1994, which eventually turned into the world's largest online retailer, selling books to electronics on its website, largely to the American consumer. The world largest Internet retailer, Amazon, was expected to set up a facility in Hyderabad and employ over 3,000 people, as reported by PTI. Amazon delegation led by John Schoettler, V.P. (Global Real Estate and Facilities) had a meeting in Andhra Pradesh in November, after which the announcement was made.

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