7 VC Funds Shaping India's Booming E-Commerce Business

By SiliconIndia   |   Monday, 26 May 2014, 13:24 Hrs
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BANGALORE: With India's e-commerce industry growing at brisk speed, many portals are falling by the wayside, unable to keep up with the nature of the speed. With a steady competition in the e-commerce business, a set of seven venture capital funds have been gradually shaping India's booming e-commerce industry , which saw its biggest payday recently when online retailer Flipkart absorbed fashion e-tailer Myntra for about 2,200 crore. Besides infusing capital into a host of enterprises and ideas, these VCs are also playing kingmakers by facilitating a wave of consolidation in the Indian e-commerce space, as reported by the Economic Times.

There are about 100 VCs operating in India in e-commerce field but these seven have been the most pro-active and news makers in the recent past. According to Venture Intelligence, a research service that compiles private investment data, these seven VCs accounted for 222 of the 414 investments, that is, around 54 percent that have materialised in the ecommerce space since 2007.
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