Business Companies 17 Oct 2017 E-commerce sector re ...

E-commerce sector receives $2.1 bn in July-Sept; defies eco slowdown

DECCAN CHRONICLE
Published Oct 17, 2017, 3:39 pm IST
Updated Oct 17, 2017, 3:53 pm IST
Investmensts in ecommerce companies from foreign players during three months rose 17 per cent.
India's e-commece sector is expected to rise to become a $40 billion market in next few decades. (Representational image/Photo: PTI)
 India's e-commece sector is expected to rise to become a $40 billion market in next few decades. (Representational image/Photo: PTI)

Mumbai: India's e-commerce industry got over $2 billion worth of investments in past three months to September this year, according to a report in The Financial Express.  At present, the value of India's ecommerce market stands somewhere around $20-22 billion.

Of late, private equity and venture capital companies are pumping in more funds into the segment. The investments in e-commerce segment saw an increase of 17 per cent during July-September period, data collated by Jefferies reveal.

 

"Indeed, 2017 has seen a resurgence in inflows into e-retailing as investors believe consolidation and a focus on costs will make ventures more viable," the FE report reads.

The industry has heaved a sigh of relief with these fresh investments with as much as 7 billion, which is over twice the funds that had come in in 2016, foreign funds have until now flown into the segment.

The Us based e-commerce giant Amazon keeps injecting funds into its India arm.  So far, Amazon India has got more than $5 billion investments from its US based parent. Other prominent foreign player in the segment is SoftBank which funds Flipkar, Ola and digital wallet Paytm.

 

The Japanese investor has so far committed over $4 billion to businesses in India in 2017 alone. The Masayoshi Son-led conglomerate has invested close to $6 billion in the last three years, the FE report adds.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT