Movers And Shakers Of The Week [December 7 - December 12]
India, Dec. 12 -- We bring to you the latest edition of 'Movers and Shakers' of the week in the Indian startup ecosystem.
It's been a watershed year for India's ecommerce ecosystem, particularly with D2C selling growing immensely and the rise of offbeat ecommerce channels during the lockdown months.
An industry report titled The Future Of Commerce In India by Sequoia Capital India and Bain and Company shows that startups such as Meesho, BulBul, DealShare, Mall91 and SimSim are driving the change in social commerce in India. With $1.5-2 Bn gross merchandise value (GMV) in the fiscal year 2019-20 (FY20), the segment is projected to grow at a compounded annual growth rate (CAGR) of 55-60% to $16-$20 Bn GMV by 2025.
The report found that w...
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