India has just crossed 50 cr subscribers who use internet. This is a good sign for e-commerce.
As a matter of fact, Alibaba, the e-commerce global giant from China is the role model for all Indian e-commerce players. The e-commerce players represent India’s new economy. Let’s list the top ten e-commerce players by their valuations.
Flipkart | USD 21 b | Taken over by Walmart for USD 16 b |
Paytm | USD 7 b | Softbank and Alibaba are investors here |
OYO | USD 5 b | |
Ola | USD 4 b | |
Byju’s | USD 3.6 b | |
Swiggy | USD 3.3 b | |
Zomato | USD 2 b | |
Paytm Mall | USD 2 b | |
Billdesk | USD 1.8 b | |
Freshworks | USD 1.5 b |
Then there are Mu Sigma and Snapdeal.
In addition, huge foreign investments were attracted by BigBasket, ReNew Power Ventures, Udaan and Policybazaar.
Pine Labs, Rivigo, Delhivery and Firstcry are close to USD 1 b valuation.
The biggest investors in the Indian start ups are Tencent, Alibaba, Softbank, DST Global, Hillhouse Capital, GIC, Steadview Capital, Naspers and Tiger Global.
China (Alibaba and Tencent) is turning out to be the biggest investor in Indian start up businesses. Morningwise Ventures Shunwei Capital are two other major investors.