Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Carlyle Buys Stake in India's Logistics Firm Delhivery
DC-based global alternative asset manager, The Carlyle Group acquired a significant minority stake in Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce. LBR reports that equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery,...
In India, Investments by Logistics Companies Surge
Logistics companies -- both from India and globally -- are actively making investment plans for the coming fiscal year. According to Kuwait-based Agility's Emerging Markets Logistics Index published in February, India, for the second consecutive year, was picked as the country with the most potential to grow as a logistics...
Online Retailing in India Gathers Steam
The Economist reports that in the next 15 years India will see more people come online than any other country. Last year e-commerce sales were about $16 billion; by 2020, according to Morgan Stanley, a bank, the online retail market could be more than seven times larger. Such sales are...