Amazon

PharmEasy merged with smaller rival Medlife in August this year.

Bases in Taiwan and Europe to help retailers build online platforms.

The report said the festive season is expected to see 45 to 50 million new users shopping online.

This month, Tencent also led a USD 50 million funding round in music streaming company Gaana along with Times Internet.

The loss of revenue for OTT players on the account of piracy in India is expected to hit USD 3.08 billion by 2022.

Small neighborhood stores are integral part of the economy of both developing nations, and tech firms are stepping in to provide additional services.

The next phase of growth for e-commerce companies is expected to come from smaller cities.

Amazon has invested USD 6.5 billion in its India business as of now.