Hello there. It’s Brady again.
Here’s an interesting stat: between January and September 2021, more than 200 small and mid-sized retail technology companies in India raised a total of USD 843 million.
Compare that to the sum for all of 2020, USD 235 million.
That’s a 260% bump.
While the pandemic and the rapid digitalization of retail channels surely influenced these investment decisions, another piece of data explains why capital is rushing into this space: less than 25% of India’s internet users have made purchases online, meaning e-commerce may skyrocket in the coming years.
Moulishree had the full story. Check it out here.
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