E-commerce, consumer internet cos raised over $7 bn in PE/VC capital in 2018: EY

E-commerce and consumer internet companies have raised over USD 7 billion in private equity and venture capital funding in 2018, says EY report.

The report titled ‘E-commerce and Consumer Internet Sector – India Trendbook 2019’ launched at the IVCA Conclave 2019, noted that majority of the funding was towards building supply chain, expanding into new segments, acquisition/consolidation, and bringing innovative product offerings.

Of all companies, startups like OYO, Swiggy, Byjus, PayTm Mall, Pine Labs, Zomato, Udaan, PolicyBazaar and CureFit have collectively raised the lion’s share around USD 4.6 billion in 2018 of the total investments into this segment.