Is Amazon Banking On India For Growth?

In December 2015, Amazon led a $23 million investment in India-based Housejoy, a start-up that offers on-demand home services such as home cleaning, plumbing, beauty, fitness, laundry and other such services. According to comScore, Amazon became the most visited e-commerce site in India in October 2015, two-and-a-half years after its launch in the region. We believe that given India's demographic profile and low internet penetration, the potential for e-commerce growth is huge in the region and ...