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There were no equity investments done in March 2017 in the e-commerce sector barring a $4 million debt that was raised by BigBasket, says the report released by Ernst & Young (EY).
"E-commerce sector is undergoing a lot of churn and most businesses are in the recalibration mode, leading to low deal activity," said media reports quoting Mayank Rastogi, EY partner and leader for PE.
A number of e-commerce startups struggled during the last one year and ended up getting shut. A few companies also laid off employees to cut costs in a bid to turn profitable. (KD)
Fibre2Fashion News Desk – India
| On 30th Nov 2020
France has decided to impose a new digital tax on big online...
| On 30th Nov 2020
Scientists at the University of York and the Royal College of Art are ...
Material Exchange has announced the closing of a €5 million funding...
It will take some time for the people to change their buying choices
Indian fashion industry
Organic the first choice of any environment-conscious person
Farmers who produce seeds earn 50 per cent more
Shyam Gupta & Ravi Gupta
Based out of South Delhi, Gargee Designer's provides bespoke formal and...
Surat-based Sunrise Imports & Exports Co is a manufacturer and...
For.Tex is an Italy-based leading producer of dyes and thickeners, and is...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
Coating at a fibre level is a practice not usually seen in the...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
She grew up in the walled city of Old Delhi, completed her studies, and...
Sonam & Paras Modi
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Letter to Editor
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