Investors from across the globe invest in Indian E-commerce biz
The Indian e-commerce industry is attracting moola from across the world. It isn’t only the big players of the Indian e-commerce, such as Flipkart and Snapdeal, that are attracting millions and, in the case of India’s largest e-commerce firm Flipkart, billions, of dollars from across the world. Much smaller players are also getting crores of rupees from Indian and overseas investors.
Emerging online start-ups in sectors as varied as taxi, real estate, education, healthcare and home décor are doing fairly well. The most surprising trend is that they’re attracting talent from top schools such as the IITs, IIMs and the Indian School of Business. These business graduates are not only trading in the safe grounds of established conglomerates, they are ready to experiment with the start-ups too.
What is drawing the youngsters is the stock option plans these companies offer and the possibility of cashing out with a fat windfall in the event of a listing or a buyout.
In July alone, for instance, online car rental company OLA Cabs and e-commerce furniture company Urban Ladder got $41 million (about Rs. 250 crore) and $20 million (Rs 120 crore), respectively, from Steadview Capital and Sequoia Capital, SAIF Partners and Kalaari Capital. Online real estate advisory firm PropTiger and e-healthcare company Practo are in talks with investors to raise about $20 million each.
India Inc. is hoping that this positive trend will generate more jobs in the e-commerce sector and the youth needs not depend on the IT and ITeS segments alone.
Source- Hindustan Times
invest in Indian E-commerce, Kalaari Capital, SAIF Partners, Steadview Capital and Sequoia Capital
