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The interest of VCs indicates that e-commerce is profitable
Kunal Bahl, CEO of on the future of e-commerce business in India selling one Micromax Funbook tablet every two minutes launched the new Micromax Funbook tablet exclusively on its website, and has sold thousands of tablets since the day of the launch. Currently it is selling 1 tablet every 2 minutes
Snapdeal earmarks $20 mn for acquisitions has earmarked $20 million (around Rs.100 crore) to make up to four acquisitions this year
Snapdeal acquires
Ecommerce portal Snapdeal has acquired, an online sports goods retailer.