Internet and e-commerce boom in India, raised $15.4 billion capital in 2022: Report

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The internet and e-commerce sectors in India are growing according to Ernst & Young (EY) and PeerCapital’s ‘E-commerce and Consumer Internet Trendbook 2023’. The report claims that the Indian consumer internet sector raised $15.4 billion private equity/venture capital funds across over 500 deals in 2022. Additionally, the online shopping sector received $22 billion in investments, which is the second highest in the world.

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