Indian e-commerce and consumer internet companies have raised over $7 billion in private equity (PE) and venture capital (VC) in 2018, says a report by advisory firm EY. The report says majority of the funding is towards building supply chain, expanding into new segments, global expansion, acquisition or consolidation, and bringing innovative product offerings to the market.

Launched recently at the IVCA Conclave 2019 in New Delhi, the report, titled ‘E-commerce and Consumer Internet Sector – India Trendbook 2019’, covers hyperlocal, travel and hospitality, B2C, edtech, payments and wallets, business-to-business, mobility, fintech, healthtech, social commerce, gaming, logistics tech, online classifieds and services sectors.

Of all companies, start-ups like OYO, Swiggy, Byjus, PayTm Mall, Pine Labs, Zomato, Udaan, PolicyBazaar and CureFit have collectively raised a lion’s share—$4.6 billion—in 2018 of the total investments into this segment.

Deals that stood out include Walmart’s acquisition of Flipkart, Alibaba’s investment in BigBasket and PayTm, Tencent’s investment in Dream11 and Naspers investment in Byjus and Swiggy, says a press release from EY.

Fibre2Fashion News Desk – India

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