Business Desk, AnyTV, London
Published by: Gaurav Pandey
Updated Wed, 09 Mar 2022 08:13 PM IST
Summary
India has performed well in the field of investment in e-commerce. A recent report in this regard states that India is the second largest global venture capital investment hub for digital buying companies.
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Expansion
Last year, India ranked second only to the United States in this regard on global benchmarks. The US had raised an investment of $ 51 billion (about Rs 3906 billion 62 crore 55 lakh) in this area. At the same time, China was third with an investment of $ 14 billion (about Rs 1072 billion 40 crore 70 lakh) and the United Kingdom was ranked fourth with an investment of $ 7 billion (about Rs 536 billion 20 35 million).
In India in 2021, Bengaluru topped the list with $14 billion in venture capital investment. At the same time, Gurugram ranked seventh with $4 billion and Mumbai was ranked 10th, where investment of $3 billion came. Investment in Bengaluru has increased almost three times as compared to the year 2020. It has overtaken New York City (ranked second), San Francisco (ranked third), London (ranked fourth) and Berlin (ranked fifth).
According to Allalil Investment Data, London & Partner of Dealroom.co, the increased demand for online shopping during a series of lockdowns during the COVID-19 pandemic has drawn the attention of global investors to e-commerce companies. Hemin Bharucha, Mayor for India at London’s international trade and investment agency London & Partners, said India and the UK are among the world’s top centers for investment.