Shopee exits India within 5 months of launch

[Navjot Singh]

Shopee to close India operations tomorrow. Read its message for shoppers

Shopee said in a statement its withdrawal came 'in view of global market uncertainties' and that the company would make 'the process as smooth as possible'

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Leading Online Shopping Platform In Southeast Asia & Taiwan | Shopee

Shopee is the leading e-commerce online shopping platform in Southeast Asia and Taiwan. It provides customers with an easy, secure and fast online shopping experience through strong payment and logistical support. Shopee has a wide selection of product categories ranging from consumer...

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One person with direct knowledge of the company's thinking said Shopee's decision to exit from India was sparked in part by stricter regulatory scrutiny that saw Sea's gaming app Free Fire banned as part of a crackdown on companies allegedly sending data to servers in China.

Sea said earlier in March it does not transfer or store data of Indian users in China.

The person said Shopee had been planning to invest up to $1 billion in India, and that the pullback would hurt Indian logistics firms with whom it had signed lucrative contracts.

 

[Sai]

The business model doesn’t work at all. Meesho pivoted for a reason.