India: Flipkart, Snapdeal see falling sales despite rise in internet users

India: Flipkart, Snapdeal see falling sales despite rise in internet users

Visual from the Flipkart website, September 2015

Online retail sales in India have been sluggish so far this year and start-ups across the board are struggling to make money from ads, content and sales of products and services, raising concerns whether Internet companies can attract enough new paying users to support the rosy projections of investors who have pumped billions of dollars into them.

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