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India has identified electronics, engineering goods, textiles, marine & agriculture, toys, pharmaceuticals, and ecommerce as the sectors that could help achieve its $1-trillion goods export target by FY30. The commerce and industry ministry study predicts that these sectors could generate around $670 billion of exports by 2029-30.
According to the report, Flipkart's user base grew 21% year-on-year (YoY), Meesho accelerated at 32% while Amazon lagged at 13% user growth primarily due to relative premium offerings as compared to peers.
The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the past raised an undisclosed round of funding from investors such as Aum Ventures, 2am VC and All In Capital, all of whom have participated in the current round.
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The
Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The