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Indian Firms Could Get Boost From Google, Alibaba


Ron Burgundy
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Employees of Snapdeal, an Indian online retailer, sort out delivery packages inside their company fulfillment centre in MumbaiTwo Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba. Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a person familiar with the negotiations said. Alibaba is "looking, but there's still no deal", the source added. Alibaba could not be reached immediately for comment, and a Snapdeal representative declined to comment.




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