20 Most Promising Startups in Retail

The Indian e-Commerce maverick Flipkart plans to raise $1.4 billion; the furniture e-Tailing platform Urban Ladder rears up to reap $200 million revenue by the mid- 2016 and another e-Commerce giant ShopClues was recently valued around $1.1 billion through its series E funding. In fact, the aforementioned developments are a few examples that represent the humongous growth of Indian retail industry, which is estimated to touch $1.3 trillion by 2020, and the online retailing industry that is expected to reach $70 billion during FY15-FY20. Considered as one of the fastest growing industries in the world, the domain in India can boast of being the fifth largest preferred retail destination globally, owing to its healthy economic growth, increasing incomes, urbanization, changing...