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Scaling up in e-commerce a bigger challenge, say entrepreneurs

However, they are optimistic that sector will grow to $40-50 bn in next 6-7 years

Aditi Divekar & M Saraswathy  |  Mumbai 

Entering the industry in India is not a challenging task but it is the scaling up in this sector which is a bigger hurdle, said founders of portals. They were speaking at the Entrepreneurship Summit here in Mumbai. "There is enough room for entrepreneurship to grow in India and I see it grow to $40-50 billion in the next 6 to 7 years," Rohit Bansal, co-founder and COO of said. India market is currently of $3 billion. Though India is a young market, Sachin Bansal, founder and CEO of sees no funding hurdle for entrepreneurship in this segment. Regarding the next level of growth in e-commerce, Sachin Bansal said that in the next 2-3 years, will undergo transition to become mobile-commerce Speaking about change in strategy of companies, Mukesh Bansal, co-founder and CEO of said,"is a lot about discovery and serendipity.

The key is to keep learning about the market and experimenting with the model."

First Published: Sat, February 01 2014. 19:05 IST