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South Korea's Coupang is planning to enter India, as the listed startup is said to be in conversation with the Indian government.

South Korean e-commerce giant, Coupang, is planning to enter the Indian market. The SoftBank-backed start-up has initiated dialogues with the Indian government to enter one of the world's largest e-commerce markets, government officials told Business Standard. 'We have received an application from the South Korean government, in which Coupang has expressed interest in entering India,' said officials, adding that 'dialogues with the Coupang delegation are likely to start next month'.

Coupang posted stellar results in a tough macroeconomic environment and trades on an attractive free cash flow yield. Find out why CPNG stock is a Buy.

The picture might look bleak for most e-commerce companies, but this one could be the exception.

Coupang’s business is struggling with customer and revenue growth. But see why I believe that CPNG stock's focus on profitability has proven to be positive.