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India: Groupon promoter to introduce new e-commerce business

Wednesday 16 November 2011 14:36 CET | News

Rocket Internet, an internet services provider and the main holding company of Groupon, has revealed plans to invest in a new e-commerce website in India. The official launch is set to be completed in December 2011.

Via the new website, retailers will be able to commercialize their fashion and lifestyle products. The new venture is set to be managed by three entrepreneurs, Lakshmi Potluri, Arun Chandra Mohan and Praveen Sinha, who have previously focused on investment banking, consulting and e-commerce.

Rocket Internet currently operates its fashion e-commerce business across 14 countries under different names.
 


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Keywords: Groupon, Rocket Internet, e-commerce, inevestment
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce