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Amazon maintains lead over Flipkart as its India marketplace revenue surges 49% in FY 2021

E-commerce giants Amazon and Flipkart saw their revenue from operations surge by 49% and 32% respectively in FY 2021 as millions of people opted to shop online due to the COVID-19 pandemic.

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  • India witnessed 97 mega deals—rounds over USD 100 million—worth USD 24 billion in 2021, compared to 28 such investments worth USD 5.5 billion in 2020.

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    Indian companies raised USD 63 billion from PE-VC investors in 2021

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