$224 Mn+

$1.3 Mn

Gross Merchandise Value Of Online Festive Sales

$11 Bn+

Online Shoppers Were Satisfied With Flipkart’s Festive Deals

Customers Top Choice For Value Deal This Festival Season

Meesho

Key Highlights

In the third quarter of 2023, Indian ecommerce startups raised over $224 Mn in funding, marking a 47% year-on-year decline from the corresponding period in 2022. The median ticket size of investment stood at $1.3 Mn, reflecting a 32% decrease compared to Q3 2022

In contrast to startup funding, online festival sales soared to over $11 Bn, up 16% from 2022. Meesho outshined Flipkart and Amazon by offering top-notch deals, earning a 77% positive sentiment score compared to Flipkart's 55% and Amazon's 43%.

State Of The Indian Ecommerce Report Q4 2023