According to a new report from Allegro Capital entitled “VC Investments in Indian eCommerce,” 49 VC firms have invested nearly $900 billion in 50 Indian eCommerce companies over the last three years, ZDNet says.
However, of those firms, only about 15 are likely to be independent by next year, because of what researchers say is a saturated online shopping market.
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“Now that the land grab is over, Series B and follow-on rounds will continue to be a challenge for most eCommerce companies except category leaders and the big three or four horizontal players,” the report noted, according to the source.
Still, ZDNet says the prevailing companies will see potentially large earnings, as the Indian eCommerce market is projected to be roughly $13 billion by this time.
Read the full report here.
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