With Zero Mega Deals In Sight, Ecommerce Funding Falls 47% YoY To $224 Mn In Q3 2023

With Zero Mega Deals In Sight, Ecommerce Funding Falls 47% YoY To $224 Mn In Q3 2023

SUMMARY

In Q3 2023, zero mega deals were observed in the ecommerce sector in India, indicating that investors are being cautious with their money

Despite an overall downturn in funding and deal counts across various funding stages in Q3 2023, seed stage funding during the quarter rose 11% YoY to more than $29 Mn 

With Q4 (October to December) 2023 data yet to be compiled, let’s steal a glance at what fresh challenges 2023 brought during the July to September quarter in the ecommerce realm

The Indian ecommerce industry stands as a transformative force, which is capable of reshaping the country’s retail sphere so that it is abreast of how digital consumers shop today. 

According to Inc42’s latest “State Of The Indian Ecommerce Report Q4 2023”, launched in partnership with Simpl, the market opportunity for ecommerce is going to be $400 Bn+ by 2030. Additionally, it is anticipated that the number of online shoppers will reach an estimated 500 Mn during this period.

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