E-commerce has been a hot area in VC industry and around 36 Indian E-retailing companies have received VC funding of over 600 Mn USD in past few years. Now, its been prophesied as an e-commerce bubble with too much investor money chasing e-com start-ups. But the question still remains, is the investment really too much?
MySmartPrice has done a study on E-Retail in India & China, here is what we found out:
E-Retail in India is still at a nascent stage and lagging far behind in terms of infrastructure, internet penetration, consumer awareness etc. MySmartPrice strongly believes that Indian companies still need a lot of support from investors and have to infuse millions of dollars more to realize the big billion dollar revenue dream.
Please do share your thoughts.