Indian e-commerce: laying foundations

India may be the next big thing for online retailers, but in the first of a two-part series, FinanceAsia examines how payment issues stand in the way of progress.
Jeff Bezos of Amazon. Who will emerge as the Indian equivalent?
Jeff Bezos of Amazon. Who will emerge as the Indian equivalent?

India is often touted as the next mega technology play after China. With its vast population of internet-loving millennials and robust economic growth, it’s not hard to see why. There is a proviso though it could be a while before Indian e-commerce truly fulfills its potential, given the country’s onerous financial and logistical shortcomings must be adequately addressed.

Vying to become India’s Jack Ma or Jeff Bezos is a rising cohort of entrepreneurs, both hyper-ambitious new young players and stalwarts of the country’s business elite who have seen the light.

After being denied an H1B visa to work in the US, Kunal Bahl returned to his...

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