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Snapdeal to Spend Rs 350 Crore on Supply Chain Logistics in FY15

Homegrown online marketplace Snapdeal will invest Rs 350 crore this fiscal year (2014-15) to expand its supply chain infrastructure as it aims for a stronger foothold in India's internet retail market that is estimated to expand seven-fold to $22 billion by 2018. Besides, the Delhi-based company also seeks to triple its seller base to 100,000 by March 2015, trying to cash in on the rising number of small and medium enterprises (...
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