Inc42 | 20 September 2022
India’s ecommerce startups raised a record $5.8 Bn across 80 deals in Q3 2021. However, the funding has been on a decline since then, with adverse global macroeconomic conditions further exacerbating the situation.
According to Inc42’s latest report on ‘The State Of Indian Ecommerce Q3 2022, Infocus: D2C’, ecommerce startup funding fell over 80% in Q2 2022 to $1.2 Bn across 79 deals from Q3 2021.