ET Ecommerce Index: Frothy valuations catch up with startups

ET Ecommerce Index is here! We’re excited to announce that starting today, ETtech Morning Dispatch will feature a daily chart of three indices we launched to track the performance of recently listed tech firms – ET Ecommerce, ET Ecommerce Profitable, and ET Ecommerce Non-Profitable. Read on to find out which companies comprise the three indices and how they’ve fared so far.

New-age ecommerce companies are going through a challenging period with a rise in the cost of capital and a crash in valuations. The tech-heavy Nasdaq index has declined 28% so far this year, while the NYSE FANG+ index has plunged 33% since January 1.