Bullish on India's consumption, investors flock to fund retail sector startups

By Prabhakar ChaturvediNew Delhi[India], June 30 (ANI): Buoyed by India's strong consumption patterns, venture capitalists are flocking to fund retail sector startups.

Investor confidence in new-age retail companies and startups has surged, with funding in the retail sector increasing by 32 per cent to USD 1.63 billion in the first half (H1) of 2024, up from USD 1.23 billion in H1 2023, according to data intelligence firm