Deloitte Pegs India’s E-commerce Market at $200 Bn, To Cross $1 Tn By 2021
E-commerce will be the engine of the next level of Indian consumer growth in 2019, stated a Deloitte India and Retailers Association of India report. The report has valued India’s e-commerce marketplace at $200 Bn and predicted its growth to $1.2 Tn by 2021.
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Editor’s Weekly Pick
A platform play is perhaps the most lucrative of all business models – commanding monopolistic market-share with superior bargaining power. Here’s a great article covering how traditional businesses are trying to transform themselves into platforms. Softbank’sVision Fund continues to raise the bar of startup investments multi-fold. Here is an interesting opinion of their investment style and impact on VC world.
–Abhishek
Market Pulse
- The four Indian startups selected in the Y Combinator 2019 winter batch are MyScoot, Skill-lync, Trexo Robotics and Mudrex Inc.
- Sachin Bansal via BAC Acquisitions has invested $35.16 Mn each via non-convertible debt in Non-Banking Financial Companies Altico Capital India and IndoStar Capital Finance.
- The bengaluru-based home rental startup, NestAway has launched a six-month equity free incubation programme for consumer startups.
- Delhi-based integrated incubator Venture Catalysts has entered into a partnership with JPIN to build the largest Euro-Asia corridor for angels to invest and nurture early stage ventures.
- The Telangana Government in partnership with GlobalLinker announced the launch of a digital networking platform called ‘Telangana State GlobalLinker’.
- The CoWrks Foundry has partnered with Yale University with support from the RMZ Foundation, to launch the Sustainable Health Initiative.
- Venture Capital firm A91 Partners raise $25 Mn from IFC. The World Bank’s investment arm said that the target corpus of the fund is pegged at $250-300 Mn.