Hello there. It’s Brady again.
Here’s an interesting stat: between January and September 2021, more than 200 small and mid-sized retail technology companies in India raised a total of USD 843 million.
Compare that to the sum for all of 2020, USD 235 million.
That’s a 260% bump.
While the pandemic and the rapid digitalization of retail channels surely influenced these investment decisions, another piece of data explains why capital is rushing into this space: less than 25% of India’s internet users have made purchases online, meaning e-commerce may skyrocket in the coming years.
Moulishree had the full story. Check it out here.
Daily Roundup
- “Buy now, pay later” is taking off in Indonesia, but risks are high.
- Chinese edtech companies trim headcount and develop new business verticals after intense clampdown.
- Forge Ventures launches USD 21.88 million debut fund for 15 early-stage startups.
- Singapore VC joins entrepreneurs in the hunt for the next Grab or Gojek.