[Abstract] India electricity supplier usher in investment fever, Snapdeal and Flipkart are learning Chinese electricity supplier development model.
India Internet is the capital to the next point of investment may become Chinese Internet companies to go overseas bridgehead. To this end, the recent introduction of Tencent technology will soon come to India Silicon Valley series of articles to help you understand the Internet in India.
Tencent technology Lei Jianping reported on October 10th
India electricity market is rapidly becoming a hot spot for investment. In May this year, India electricity supplier website Snapdeal has just $100 million financing, investors include Singapore sovereign fund Temasek Holdings and asset management giant companies such as blackstone.
Snapdeal is similar to eBay’s home market, this is the second time this year to obtain financing financing. In February this year, Snapdeal has to eBay, Bessemer Venture Partners, Intel capital raising $134 million.
Snapdeal rival Flipkart recently received $1 billion not resigned to playing second fiddle, financing, investors include DST Global, tiger Global Fund, Accel Partners, ICONIQ Capital and Sofina etc.. Prior to this, Flipkart has raised $more than 700 million.
U.S. e-commerce giant Amazon is also reluctant to absent in this round of electricity supplier financing war in India, has announced an additional $2 billion investment in the India market. Fashion retailer Jabong and electricity supplier giant eBay is also competing in India e-commerce market.
, with the China electricity market becomes saturated, and the Alibaba and the Jingdong after landing in the capital market, more and more capital to look at India this is just unfolding of the electricity supplier market, and hope to replicate the India version of the Alibaba and Jingdong.
in fact, due to the similar situation with China’s electricity supplier, Snapdeal and Flipkart is also China’s electricity supplier apprentice. Flipkart founder and CEO Sachin Bansal founder and CEO Kunal Bahl often visit China and learn from experience in.
however, Snapdeal and Flipkart choose Chinese teachers are not the same. Snapdeal is more inclined to Alibaba model, choose to work with partners, does not involve too much logistics, Sachin Bansal is more inclined to Jingdong model, is willing to build more warehousing.
Snapdeal and Flipkart as the leader of India local electricity supplier, to a certain extent, facing the scene China electricity supplier a few years ago, also need to deal with an enemy.