Alibaba IPO inspires Tata group to enter e-commerce sector in India

Inspired by the gigantic success of the initial public offering (IPO) of Alibaba, Tata Group might be entering the e-commerce market in India. Media reports suggested that the Tata Industries Ltd, a fully owned subsidiary of Tata Sons could lead this venture into the online shopping sphere.

Tata group already has an online shopping platform through Croma, but building a brand and a platform similar to Flipkart or Amazon will let any seller list on the site and sell their goods.

A leading daily reported that people close to the new venture said that Tata is modeling its business on Tmall.com which is the marketplace in the Alibaba Group.

But as Tata Group gears up for the plunge into the e-commerce space, the former chairman Ratan Tata has put in his weight behind Snapdeal by investing into it.