Indian E-commerce, Consumer Internet Sector Raised $15.4 Bn
PE/VC funding for Indian consumer Internet and e-commerce enterprises increased by $2 by 2022, from $8.2 billion to $15.4 billion.
The shift in consumer behaviour following the epidemic has further accelerated growth in India's internet and e-commerce sector, which has become one of the nation's fastest-growing industries, according to the EY-PeerCapital E-Commerce and Consumer Internet Trendbook 2023.
According to the survey, in order to fuel the rapid expansion of online firms, Tier 2 and Tier 3 cities will receive more attention in 2023.
In these regions, influencer-led commerce will also become a potent conduit for gaining new clients and cultivating client loyalty. PeerCapital's managing partner, Ankur Pahwa, stated.
The shift in consumer behaviour following the epidemic has further accelerated growth in India's internet and e-commerce sector, which has become one of the nation's fastest-growing industries, according to the EY-PeerCapital E-Commerce and Consumer Internet Trendbook 2023.
According to the survey, in order to fuel the rapid expansion of online firms, Tier 2 and Tier 3 cities will receive more attention in 2023.
In these regions, influencer-led commerce will also become a potent conduit for gaining new clients and cultivating client loyalty. PeerCapital's managing partner, Ankur Pahwa, stated.
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