Retail in Asia

In Trends

India’s e-commerce space to witness a lot of growth

India’s e-commerce market attracted private equity/venture capital deals worth USD410 million in the first half of this year, driven by category leaders, with the sector likely to grow "disproportionately" in this manner, says a report.

According to audit, tax and advisory firm Grant Thornton, the total PE/VC deal value in the e-commerce space amounted to USD410 million through 32 transactions in the first half of this year, wherein the average transaction size more than doubled as compared to the same period last year.

A large portion of the funding was taken by category leaders with the top three transactions contributing around 62 percent of the deal value. According to the report, Flipkart.Com has raised more funding so far than any of its peers in the same space. Similarly, in the deals and discount space, Snapdeal.Com has raised more funding than others.