Wednesday, 2024 February 28

Daily Digest | All hail retail

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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