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Trader body had asked CCI to look into unfair practices by Shopee
Competition Commission of India had dismissed allegations of predatory pricing against e-commerce platform Shopee

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Shopee shutters down in India after just 6 months: reports

Name: Shopee shutters down in India after just 6 months: reports
Uploaded: 2022-03-28T14:21:23.000+05:30
Duration: T00M28S
Channel: EJ Biz Desk
Description: Reports indicate thet Singapore based ecommcerce firm Shopee may be shutting down it's India operation despite being present in the subcontinent only over the last 6 months. ET quoting unnamed soures stated that the etailer whi...

Singapore based Shopee was facing fierce opposition from trader unions such as CAIT

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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Shopee shutters down in India after just 6 months: reports

Reports indicate that Singapore based ecommerce firm Shopee may be shutting down it's India operation despite being present in the subcontinent only over the last 6 months.

ET quoting unnamed sources stated that the etailer which competes with the likes of Meesho, Flipkart and Amazon, especially at the lower-end of the market is shutting down it's operations without notice. The company announced to its local team in a company-wide town hall on Monday that it will exit India.

Shopee had faced some opposition from local trade bodies which accused them of predatory pricing and Chinese influence. Both the charges however were refuted by regulatory bodies.