Biggest business conglomerates venture into ecommerce

With ecommerce retailing witnessing phenomenal growth in India, the retail segment is attracting big wigs. Now the country’s two biggest business conglomerates have also ventured into online retailing with a bang. The Aditya Birla Group launched the much anticipated Abof, an online fashion and lifestyle e-tail venture in October 2015 and more recently Tata Group stepped into this space with an e-commerce venture called Tatacliq that sells lifestyle, apparel and fashion ware, and electronics.