Snapdeal said on Wednesday Ratan Tata, the former chairman of India's salt-to-steel Tata conglomerate, has bought a stake in Indian online retailer, joining a list of funds who have invested in the country's growing e-commerce industry. Tata joins investors including Singapore sovereign wealth fund GIC Private Ltd, Tiger Global Management LLC and Accel Partners, who have invested in Indian online retailers, betting on growth in the $13 billion e-commerce sector.
Snapdeal said on Wednesday Ratan Tata, the former chairman of India’s salt-to-steel Tata conglomerate, has bought a stake in Indian online retailer, joining a list of funds who have invested in the country’s growing e-commerce industry. Tata joins investors including Singapore sovereign wealth fund GIC Private Ltd, Tiger Global Management LLC and Accel Partners, who have invested in Indian online retailers, betting on growth in the $13 billion e-commerce sector.
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