Japan’s Rakuten eyes Indian e-commerce

20-Apr-2016 #Digital India Source: India Inc

Japanese e-commerce major Rakuten is eyeing an entry into the fast growing Indian online marketplace segment.

The Viber chat app owner has opened a business office in Bengaluru and plans to open an online retail platform in India. The company had already set up a development centre in Bengaluru back in 2014.

A Rakuten spokesperson said: “India is a vibrant growth market and a great source of talent and ideas for us at Rakuten. We are always interested in new global opportunities for growth but we don’t have any comments on developments in India at this time.”

The 20-year-old firm is the top retailer in Japan, facilitating more than a quarter of Japan’s online retail as well as significant interests overseas.

Started as a small online B2B2C ecommerce platform, the company consists of around 40 businesses & services, including banking, credit and payments, travel, securities, professional sports, and entertainment, among others.

 

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