New Delhi: E-commerce and consumer internet companies have raised over USD 7 billion in private equity and venture capital funding in 2018, says EY report. The report, noted that majority of the funding was towards building supply chain, expanding into new segments, acquisition/consolidation, and bringing innovative product offerings.
Of all companies, startups like OYO, Swiggy, Byjus, PayTm Mall, Pine Labs, Zomato, Udaan, PolicyBazaar and CureFit have collectively raised the lion’s share around USD 4.6 billion in 2018 of the total investments into this segment. Deals that stood out include – Walmart’s acquisition of Flipkart at USD 16 billion, Alibaba’s investment in BigBasket and PayTm, Tencent’s investment in Dream11, and Naspers investment in Byjus and Swiggy. The exits recorded by the investors in 2018, showcase the trust placed by the PE/VC community in the Indian startup ecosystem.