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Wednesday, October 29, 2014

India's delivery men offer prize investment as billions pour into e-commerce, (NASDAQ: AMZN)

From Japan's richest man to Jeff Bezos, everyone wants a piece of India's booming online retail sector. For those without billions to pump into the tightly held firms who dominate e-commerce, the best bet may be the delivery men.On Tuesday, SoftBank Corp Chief Executive Masayoshi Son joined Bezos's Inc in pledging heavy investment in an e-commerce industry worth $10 billion and seen quadrupling in five years. Son's gambit: a stake in Snapdeal, India's third-biggest online marketplace.Yet the little-known firms that deliver goods ordered online are already raking in rocketing earnings from e-commerce in a country with the world's third-biggest Internet user base, and they're listed. Shares in companies like Transport Corp of India and Gati Ltd have surged more than three-quarters this year as industry watchers seek a chance to invest."When you see the limitless growth in the e-commerce sector, you do want to get involved," said Eric Mookherjee, a Paris-based fund manager at Shanti India, whose holdings include Transport Corp. "The next Alibaba or Tencent can be created in a country whose population is roughly similar to China. You will get that in India.", Inc. ( serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN fell by 0.5% or $-1.47/share to $294.12. In the past year, the shares have traded as low as $284.00 and as high as $408.06. On average, 3687390 shares of AMZN exchange hands on a given day and today's volume is recorded at 4878602.