State Of The Indian Ecommerce Report Q4 2023

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%.

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