Source:Economic Times Status if Indan e-commerce industry While reading a article in e-conomic times (http://articles.economictimes.indiatimes.com/2012-02-21/news/31083025_1_e-commerce-letsbuy-online-retailers) titled " India's e-commerce industry braces for consolidation as stronger online retailers gobble up minnows" I found that Indian e-commerce industry has reached 10 million mark. The world's largest online retailer, Amazon, is preparing for entry into India and the market separating the strong from the weak. India's best-known and stronger online retailers are taking the lead in the consolidation race. There will be couple of multi-product generalists said Prashanth Prakash, a partner at venture capital fund Accel Partners, whose investments include Flipkart and Letsbuy. Online stores in India sell from books to travel experiences. There is price wars and high customer acquisition costs. Leaders which have been able to the raise
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