VCs Wane, Alternatives Gain: Velocity Deploys over Rs 600 Cr to Empower D2C and Ecommerce Firms
Oct 06, 2023
Bengaluru (Karnataka) [India], October 6: The eCommerce industry is on the cusp of a record-breaking year, poised for a strong festive season. According to Velocity's proprietary data aggregated across 3500+ businesses, ecommerce has grown by 41% in the July to September 2023 quarter compared to the same quarter in 2022 and 25% quarter on quarter.