In the latest sign of growing investor interest in India’s growing sector, is reported to be considering an investment in site

Tata, chairman emeritus and former chairman of Tata Sons, is said to be exploring the investment in a personal capacity, the Economic Times reported Wednesday.

Tata, who helmed a radical consolidation of Tata Sons’ many businesses and turning the group into a global auto and steel powerhouse with the acquisition of Jaguar Land Rover and Corus Steel, besides taking Tata Consultancy Services to India’s most valued firm, is expected to be a minority investor in Snapdeal, the report said.



founder has also been reported as saying that he is being aggressively pursued by investors who want a piece of his company.

The segment is India has been growing at a rapid clip, with global investors lining up for a slice of the pie. With total sales only at $13 billion, investors are betting on continued growth as internet penetration and mobile data usage picks up.

com, India’s largest e-tailer, recently raised $1 bn, with investments from Tiger Global, Accel and Naspers, all of whom have board representation. Shortly after Flipkart’s announcement, Amazon India said it would invest $2 bn in its India operations.

Earlier this year, said it had hit $1 bn in sales, as calculated by gross merchandise value transactions. Following its latest fundraising announcement, co-founder said the company’s next target would be a $100 bn valuation. It’s current valuation is about $7 bn.

The growth of the segment has been driven in part by manufacturers’ willingness to sell products at a discount online, with some going so far as to adopt an online-only strategy. Motorola, for example, recently launched its range of smartphones exclusively through Flipkart, as did Chinese smartphone Philips Lighting, on the other hand, sells its 'Imaginative Lighting Range' for kids exclusively through