State Of Indian Ecommerce Report Q1 2023
The total addressable market for Indian Ecommerce is expected to reach $400 Bn by 2030, growing at a CAGR of 19% from 2022. The sector has attracted more than $31 Bn in investments since 2014 and boasts 24 unicorns and 15 soonicorns. However, in 2022, total funding in this sector and average ticket size fell by 63% and 66% YoY, respectively. On the other hand, the emergence of omnichannel as a dominant force within the ecommerce sector has thrown open many growth opportunities. This report examines the state of the ecommerce sector in the wake of a funding winter. It also focuses on the startups making waves in the ecommerce domain, especially the rapidly growing omnichannel startups.
State Of Indian Ecommerce Report Q1 2023