Home / Knowledge / News / Apparel/Garments / E-commerce deals dropped 90% in Aug: E&Y report
E-commerce deals dropped 90% in Aug: E&Y report
08
Sep '16
A fall in e-commerce investments in August has caused the private equity (PE) and venture capital (VC) deals to drop by 37 per cent on a year-on-year basis, says a recent report. E-commerce deals dropped by 90 per cent in August as transactions worth $55 million were made across six deals in the sector compared to $554 million across 22 deals in August 2015.

PE/VC deal tally dipped to 39 transactions amounting to $1.01 billion, while the deal volume witnessed a decrease of 51 per cent compared to August 2015. Nevertheless, total investments touched the $1 billion mark after three months this year, says the Ernst & Young report. In value terms, there was an increase of 13 per cent over July 2016.

A marginally lower number of deals were carried out in startup and early stage segment, however, this number was the highest for this year in value terms with a $175 million investment in Hike by Softbank, Tiger Global and Tencent.

Merely three deals of $100 million and above were made in August 2016, aggregating to $440 million, which include a $140 million investment in TCNS Clothing by TA Associates, a $175 million investment in Hike and a $125 million investment in Stellar Value Chain.

Exits almost doubled from $260 million last year to $486 million this year. Three PE-backed IPOs, RBL Bank, Dilip Buildcon and SP Apparels, were witnessed in August 2016, bringing the total number to 12 for the year.

“2015 was a year of e-commerce and 2016 is turning out to be a year of exits. We have had some very large exits and highly successful PE-backed IPOs and for the first time, exits are more than 50 per cent of the investments so far during the year. With increased activity in distressed space, the investment activity should only pick up in months to come,” said Mayank Rastogi, EY partner and leader for PE. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search