Business · Companies · 1 hr ago

Festive e-commerce sales reach Rs 24,000 crore in two days as VC funding falls

Festive e-commerce sales reach Rs 24,000 crore in two days as VC funding falls

E-commerce sales during the festive season reached Rs 24,000 crore in two days.

The figure refers to sales in India, where the amount is stated in rupees.

At the same time, venture capital funding fell.

The decline was linked to a drop in large deals.

Venture capital is investment in companies, often to help them grow.

The two developments show strong festive sales alongside weaker funding for large deals.

No further details on the sales period or what happens next were provided.

Sources

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