According to the FY18 Economic Survey, India’s logistics industry is expected to grow at a compounded annual growth rate of 10.5% from $160 billion in 2018 to $215 billion by 2020. Indian E-commerce logistics startup Delhivery has pushed back its plans for a $350 million IPO and is now looking to raise funding.
According to AC Nielsen and the Indian Federation of Sports Gaming, the number of online fantasy gaming operators doubled to 60 from 30 in 2017 and about 100 million Indians are estimated to play fantasy sports by 2019. The leader in the space Dream11 with 90% of the market recently raised $100 million in venture funding.
If you haven’t already, please study our free Bootstrapping course. This week, Qualtrics International ditched its IPO plans and agreed to an $8 billion acquisition by SAP. Qualtrics was bootstrapped for ten years before it raised venture funding. With this acquisition, the founders and other major shareholders stand to make a cool $7 billion.
According to India Brand Equity Foundation (IBEF), the Indian e-commerce market is projected to grow 51% annually from $39 billion in 2017 to $120 billion by 2020 driven by a young demographic profile and rising internet penetration. Infibeam Avenues is a listed Indian company that provides e-commerce and payment solutions to businesses and government agencies.
The increasing penetration of Internet and smartphones have given rise to many successful businesses in India. One of them is online entertainment ticketing portal BookMyShow.
Amazon (NASDAQ: AMZN) reported a mixed third quarter last week. For the second straight quarter, it missed estimates of revenue while earnings estimates blew past estimates. International sales have also seen a slowdown due to late onset of Diwali this year. This was the fourth straight quarter of profit above $1 billion, but the volatile
According to a 2016 report by Deloitte and the Confederation of Indian Industry, the B2B e-commerce market is expected to reach $700 billion by 2020 and is becoming a hot destination for venture capital. About $200 million was raised in 2017 for startups in the sector, up from $115 million in 2016 and $30 million
India’s digital payments market is expected to grow five times to reach $1 trillion by 2023. Following the acquisition of Flipkart, digital payment company Paytm has become the most valauble startup among Indian Billion Dollar Unicorns despite struggling with profitability.