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Shopclues investor Beenos looking to invest more in the Indian Ecommerce Space

Shopclues investor Beenos looking to invest more in the Indian Ecommerce Space

The year 2014 has seen a number of ecommerce companies including Firstcry, Bluegape Localbanya etc. raising funds, which looks like a good start for the ecommerce segment in the country.

Well the things don’t stop here, there is a good news for the ecommerce businesses that are looking to raise funds this year, according to recent reports – the global incubation and the investment wing of Japan’s ecommerce company Netprice.com – Beenos is looking to invest in the Indian ecommerce space.

Beenos is already an investor in two companies in India one is the online commerce marketplace – Shopclues and another is the payment solution firm – Citrus pay. For the current year Beenos is evaluating two to three ecommerce companies in India for investment.

In words of Teru Sato, president and Group CEO of Beenos – India investment is a crucial part of the company’s investment strategy in emerging markets. “With NRIs returning back to India and wanting to play into the internet space having worked with global firms like Google, Amazon and others business opportunities are huge,” said Sato.

This isn’t enough, for Sato India will see more of Japanese investor participation in the coming time. “After China and the US, India is the largest internet population; it also is the region that has the third largest communities on line. Add to this a rising middle class, this allows for huge opportunities for Internet-based businesses.. Finally, with the government of the two nations now coming together for collaboration there will a huge push by firms in Japan to collaborate with Indian firms,” he added.

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Team Inc42

Inc42 Staff

Inc42 is a leading Indian media and information platform, known for its end-to-end coverage of the Indian startup ecosystem. Starting 5 years ago, Inc42 has now become the gateway to the Indian startup ecosystem, having published more than 20,000 stories and touching the lives of more than 20 Million people in India every month.

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