South Korea’s E-Commerce giant Coupang to join Amazon & Flipkart in India!

Coupang to take on Amazon, Flipkart, JioMart, TataNeu, ONDC, and others in India? The company has started talks with Indian officials.

by FighterMan Updated: 29 May, 2023, 18:27 IST
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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.

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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.

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FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
32 Comments  |  
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Deal Detective Deal Detective
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For us customers it means inaugural / customer aquisitions Discounts / offers coming . stuck_out_tongue_winking_eye
Analyst Analyst
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Congratulations @LOAFERG on being DEAL CAPTAIN fire🎊 tada🌟
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Deal Newbie Deal Newbie
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Thanks for the heads up!
Blogger Blogger
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Achhe din incoming
Deal Captain Deal Captain
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Nice deals gonna blow 🌬️🍃 up r way joy joy


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. 
Deal Detective Deal Detective
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I use Made in Korea Nail Cutter. stuck_out_tongue_winking_eye 
Talk-Of-The-Town Talk-Of-The-Town
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tata tea sasti dilwa do bas and aashirwad ka desi ghee bhi..meri taraf se 5 star ratings
Shopping Friend Shopping Friend
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unka self branded Tea and ghee hi mil sakta saste me.
Self promotion to pehle karenge na, to loot lena Korean maal 😂
Generous Generous
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Will we see more discount and cashback?? 

c39e8fe1e51f47809b97ad9d7d4d5869

Deal Subedar Deal Subedar
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I need Korean fashion industry in india
Entertainer Entertainer
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South Koreans don't like Indians at all so I won't give them any welcome

Generous Generous
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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 😑

Helpful Helpful
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Finally some new action in Ecom.
Entertainer Entertainer
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Earlier malaysian giant came, what was the name, shoppy something, they have to take exit within 6 months .... It is hard to survive in indian market. 

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. grimacing
Commentator Commentator
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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.

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Deal Newbie Deal Newbie
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The name though - Coup gang 😳
Scary esp. when its a foreign company,

Just kidding!

Beacon Beacon
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Shoppe dizzy_face
Deal Captain Deal Captain
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Nothing can compete ONDC, worldclass
Talk-Of-The-Town Talk-Of-The-Town
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But they have made only 1 phone and 2 earbuds ,and very different from ondc
Freebie Finder Freebie Finder
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I hope for a Paypal kind of loot 🤑🤑🤑

Deal Cadet Deal Cadet
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Nice
Deal Cadet Deal Cadet
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Coupang LTF credit card loading...
Generous Generous
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Aava de joy

Deal Cadet Deal Cadet
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Screenshot20230531-101204Chrome

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 

Deal Newbie Deal Newbie
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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.

Deal Newbie Deal Newbie
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Good for customer
Deal Cadet Deal Cadet
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Open your online retail Coupang in 'Open Gangnam Style' 😂

https://i.pinimg.com/originals...

Deal Cadet Deal Cadet
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Kai aye aur kai gaye, tu bhi aake dekhle bhai!

replyuser
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