Forget the funding crunch and valuation mark downs, the Indian e-commerce sector is going to see more action. That is what Amazon's pledge to invest $3 billion in India indicates. The global retail giant said on Wednesday that it will provide more funds for Indian operations taking its total investment in the country, including the earlier $2 billion, to $5 billion.
Moorthy K Uppaluri, Managing Director and CEO of Randstad had recently told Firstpost that could be the way forward. “The sector has not lost its potential and there is much scope for growth. What will not happen now is accelerated realizations. Consolidation may be the game-changer, instead,” he said.