Coupang says he has no plans to enter India

Coupang has no plans to enter the Indian market, the corporate mentioned, refuting an area media report that claimed the South Korean e-commerce firm had expressed curiosity in coming into the South Asian nation.

“Coupang has no plans to enter the Indian market,” an organization spokesperson advised TechCrunch in a press release.

India is without doubt one of the quickest rising e-commerce markets and is estimated to be price $150 billion in three to 4 years, in line with funding administration and analysis agency Bernstein.

Indian conglomerate Reliance is poised to surpass incumbents Amazon and Walmart-backed Flipkart within the race for the nation’s e-commerce market, Bernstein predicted in a damning report back to shoppers this month.

Coupang, the biggest on-line market in South Korea, has expanded to Japan and Taiwan lately.