E-commerce marketplace eBay India today said shoppers can access over 100 million live product listings on eBay.in and its global easy buy platform geb.ebay.in across electronics, lifestyle, media and other categories.
Currently, 100 percent FDI is allowed only in the business to business (B2B) space but Latif Nathani, VP & MD, eBay India says he won't be affected if FDI comes into B2C.
The issue relates to the government‘s policy to disallowing foreign direct investment (FDI) in ecommerce retailers that sell directly to customers.
Online market-retailer ebay has been taking flak for not being aggressive about its growth in India, but managing director Latif Nathani is not worried. His defence is encapsulated in two words: responsible e-commerce.
This latest round of funding - which is also its largest - takes total funding into Snapdeal to USD 241 million or Rs 1,460 crore