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HomeTechCoupang says he has no plans to enter India

Coupang says he has no plans to enter India


Coupang has no plans to enter the Indian market, the company said, refuting a local media report that claimed the South Korean e-commerce company had expressed interest in entering the South Asian nation.

“Coupang has no plans to enter the Indian market,” a company spokesperson told TechCrunch in a statement.

India is one of the fastest growing e-commerce markets and is estimated to be worth $150 billion in three to four years, according to investment management and research firm Bernstein.

Indian conglomerate Reliance is poised to surpass incumbents Amazon and Walmart-backed Flipkart in the race for the country’s e-commerce market, Bernstein predicted in a damning report to clients this month.

Coupang, the largest online marketplace in South Korea, has expanded to Japan and Taiwan in recent years.

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