The report of data intelligence firm Tracxn states that funding for the retail sector has increased by 32 percent to $ 1.63 billion in the first half of 2024, which was $ 1.23 billion in the first half of 2023.
The report further states that the total funding round has raised over $100 million in the first half of 2024.
Flipkart has raised $350 million, Apollo 24/7 has raised $297 million and Miso has raised $275 million, which shows that investors are very optimistic about the growth of the retail sector.
India is the fastest growing major economy in the world.
The GDP growth rate in the financial year 2023-24 was 8.2 percent, which is estimated to be 7.2 percent in the current financial year.
Due to economic growth, consumption in India is also increasing rapidly.
According to a UBS report, consumption in India has almost doubled in the last decade. Last year it was $2.1 trillion.
India plans to become the world's third largest economy by 2026.
Last year, consumption in India grew faster than other major economies of the world like China, the US and Germany.
According to the Household Consumption Expenditure Survey, expenditure has increased by 164 per cent in rural areas and 146 per cent in urban areas since 2011-12.
The survey said that in monthly per capita consumption expenditure (MPCE) 2022-23, compared to 2011-12, expenditure in rural areas increased by 164 per cent to Rs 3,773 and expenditure in urban areas increased by 146 per cent to Rs 3,773. Is. Rs 6,459.
The report further states that the total funding round has raised over $100 million in the first half of 2024.
Flipkart has raised $350 million, Apollo 24/7 has raised $297 million and Miso has raised $275 million, which shows that investors are very optimistic about the growth of the retail sector.
India is the fastest growing major economy in the world.
The GDP growth rate in the financial year 2023-24 was 8.2 percent, which is estimated to be 7.2 percent in the current financial year.
Due to economic growth, consumption in India is also increasing rapidly.
According to a UBS report, consumption in India has almost doubled in the last decade. Last year it was $2.1 trillion.
India plans to become the world's third largest economy by 2026.
Last year, consumption in India grew faster than other major economies of the world like China, the US and Germany.
According to the Household Consumption Expenditure Survey, expenditure has increased by 164 per cent in rural areas and 146 per cent in urban areas since 2011-12.
The survey said that in monthly per capita consumption expenditure (MPCE) 2022-23, compared to 2011-12, expenditure in rural areas increased by 164 per cent to Rs 3,773 and expenditure in urban areas increased by 146 per cent to Rs 3,773. Is. Rs 6,459.
