Traditional retail is up in arms, but e-tail is the future

The confidence with which private equity players are betting on e-tailers—on Thursday Snapdeal picked up close to $134 million from an eBay-led investment—reflects how much potential they see in the online retailing space which has grown at an amazing pace in the last few years with CRISIL estimating revenues to have risen to nearly Rs 14,000 crore in FY13 from just Rs 1,500 crore in FY08.

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