Startups mop up $7 bn from PEs, VCs in 2018
   Date :10-Mar-2019


E-COMMERCE and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report.

Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY report.  The report covers sectors such as travel and hospitality, edutech, payments and wallets, fintech and healthtech, among others, as part of the e-commerce and consumer internet segment.

A few large deals included Walmarts acquisition of Flipkart for USD 16 billion, Alibabas investment in Bigbasket and Paytm, Tencents investment in Dream11, and Naspers investment in Byjus and Swiggy, says further the EY report.