Government has received over 1,300 complaints against direct selling and e-commerce companies till December 2016, Parliament was informed today.
The company, which has three manufacturing facilities in India, supplies to retailers in over 20 countries including the US, the UK and Europe.
The partnership with Snapdeal is targeted especially towards a younger segment of consumers who are digitally active and prefer purchases that provide easy access and transactions without investing much time, the company said.
Last month, FDA had raided the company's premises here in this regard. At that time, Snapdeal had said it was delisting the drugs from its portal and was assisting the regulator in the investigation.
Maharashtra's Food and Drugs Administration (FDA) has raided the premises of e-commerce major Snapdeal.com for allegedly selling medicines, including prescription drugs.
Easy availability of smartphones and cheap data plans have resulted in most of those transactions to be made via apps, where consumers use their mobile phones for everything from buying clothes to booking movie tickets.
The SoftBank backed company had invested in a minority stake in logistics company GoJavas, Rohit Bansal, co-founder of Snapdeal, said on Tuesday. He did not say how much the investment was worth.
According to Kunal Bahl, fashion is a very important category for Snapdeal. Over the last two years, the company has seen a 100x increase in its fashion business.
A Hindi version of the store will also be launched soon to aid farmers in making an informed decision, the company said in a statement.
Japanese internet and telecom company SoftBank Corp, the largest shareholder in Chinese e-commerce giant Alibaba, is betting big on India. The Softbank group invested USD 627 million in e-commerce market plays snapdeal.com and USD 210 million in online taxi booking service, OLA.
Around 25 million plus Snapdeal members will now be able to book a home online by paying just Rs 30,000
The offer, 3GB of free 3G/2G data with a phone, will be valid for a period of three months, the two companies said in a joint statement.
Established in 2010, snapdeal.com is the fastest online growing market place in India. The organisation began as daily deal platform that expanded in September 2011 as an e-commerce company via a market place model.
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