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E-retailers dying, ecommerce rising
April 12, 2017
The e-commerce market which was $28 Billion in 2015-2016, is expected to reach $33 Billion mark in 2017-2018. This data is quite ironical, given the fact the number of e-retailers shutting down has been growing at a very fast pace.
The valuations in this sector have started falling and though the funds are even now being raised, they are declining with each quarter. During January-March quarter of the year 2017, the cloud companies have raised up to $2 billion.
Out of the fund raised, e-tailing shops account for around 60% and among the companies that get these funds are Flipkart, Paytm Mall, Delhivery, and Ola.
The funds accumulated by cloud companies has reached a three-year low in December 2016.
