South Korea’s E-Commerce giant Coupang to join Amazon & Flipkart in India!
Follow
Coupang is in talks with the Indian government, probably to enter the Indian E-commerce market. It is South Korea’s biggest E-Commerce marketplace.
Coupang also delivers grocery & food, and has an OTT service. It has a same-day, 1-day and 2-day delivery service. 99.6% of its orders are delivered within 24 hrs!
A year ago it got shut down in Japan after 2 years of operations. However, it raised $4.6 billion via IPO in the U.S. (2nd biggest IPO after Uber). SoftBank is the main Investor in this company.
This is what Indian officials said:-
“We have received an application from the South Korean government, in which Coupang has expressed interest in entering India. Dialogues with the Coupang delegation are likely to start next month”
If Coupang makes it then it will compete with Amazon, Flipkart, Reliance (JioMart and others), Tata Neu (Tata CLiQ and others), and ONDC (government backed).
According to the FIS 2023 Global Payments Report, India is expected to grow from $83 billion in 2022 to $150 billion in 2026. This is what may be the reason for Coupang’s India entry.
Kai aye aur kai gaye, tu bhi aake dekhle bhai!
Open your online retail Coupang in 'Open Gangnam Style' 😂
https://i.pinimg.com/originals...
I won't give a damn to south korean co unless they deliver daily essentials like surf, mustard oil, ghee, atta, rice, etc etc @ min 50% off.
Koi to aaye pk gya hu daily need cheeze bahut muskil se mil pa rhi hai amazon jio mart delivery deta ni meri location pr ab Flipkart ka 29 ko out for delivery hua tha abhi tk aaya ni sbse ghatiya to flopkart hai
Aava de
I hope for a Paypal kind of loot 🤑🤑🤑
The name though - Coup gang 😳
Scary esp. when its a foreign company,
Just kidding!
Also, i don't know how much truth in it, but south koreans hate Indians.
Koreans are cute though, i will buy them if price is reasonable.
Shopee. Parent Sea Limited of Singapore. They closed the India operation following India Government's ban of Free Fire. Now a days Shoppe is only active in South East Asia and LatAm countries.
South Koreans don't like Indians at all so I won't give them any welcome
Yes, they're even more racist then old white americans. But weirdly they're more hardcore fans of US and UK then their own country! Inferiority complex?
P.S. my 2 cousins and few of friends were huge fans of BTS and they would buy anything that they would sponsor, esp Korean food (taste bland)/beauty products. After a few months, we found the beauty products are average to below average and finally stopped ordering.
But they pay a handsome sum to influencers so get ready to be spammed 😑
Will we see more discount and cashback??
Self promotion to pehle karenge na, to loot lena Korean maal 😂
My concern is for them that they have a big hurdle ahead of them as they joined the party late. They cud take some share but becoming a market leader wud be very tough.Cud hv been easier if they came up early but still if things r done right n the coffers don't dry up then they cud enjoy good userbase. But they might become Ali express or something. Gen Z Girls love Korea so do millennial women , they cud be a good source of money as makeup items of Korea r quite famous plus might be high end as well as low cost . These cosmetics combined with prize conscious day to day Korean products , could drive sales for them in Metros. If they sell branded products n team up with big retailers then a big plus for them as they won't look like Ali express selling cheap products n no sign whether they are counterfeit/fake or not.
Coupang is in talks with the Indian government, probably to enter the Indian E-commerce market. It is South Korea’s biggest E-Commerce marketplace.
Coupang also delivers grocery & food, and has an OTT service. It has a same-day, 1-day and 2-day delivery service. 99.6% of its orders are delivered within 24 hrs!
A year ago it got shut down in Japan after 2 years of operations. However, it raised $4.6 billion via IPO in the U.S. (2nd biggest IPO after Uber). SoftBank is the main Investor in this company.
This is what Indian officials said:-
If Coupang makes it then it will compete with Amazon, Flipkart, Reliance (JioMart and others), Tata Neu (Tata CLiQ and others), and ONDC (government backed).
According to the FIS 2023 Global Payments Report, India is expected to grow from $83 billion in 2022 to $150 billion in 2026. This is what may be the reason for Coupang’s India entry.