India has 10 e-commerce companies that have received over $100 million in funding. India is at number 3, after the US and China, with the most number of well-funded (more than $100 million) e-commerce companies in the world, according to a report by CB Insights. Image Courtesy: CB InsightsWith 10 companies that have received more than $100 million (approximately Rs 665.27 crore) in funding, India’s share in the top global e-commerce companies stands at 14%. However, India trumps the US if the total amount of funding received by these companies is considered and not only the ‘number’ of companies that received the $100 million funding. “This is due to the fact that India has several e-commerce companies with massive levels of funding including Flipkart ($4.65 billion) and Snapdeal ($1.76 billion).

Source: dna April 21, 2017 11:04 UTC