Investment surges in start-ups in M-commerce, mobile payments: News Corp VCCircle

By: | Updated: July 3, 2016 4:12 PM

With mobile phones contributing 40% of all e-commerce sales in India as of 2015, start-ups across sectors are building business to reach customers using mobile phones as a channel of choice, says News Corp VCCircle's ‘Annual India Mobile Ecosystem Report’.

The report analyses the data segment wise and states that the start-ups in segments like M-commerce, video streaming, gaming and M-payments have attracted $ 8,053 million worth funding. (Source: Website)The report analyses the data segment wise and states that the start-ups in segments like M-commerce, video streaming, gaming and M-payments have attracted $ 8,053 million worth funding. (Source: Website)

With mobile phones contributing 40% of all e-commerce sales in India as of 2015, start-ups across sectors are building business to reach customers using mobile phones as a channel of choice, says News Corp VCCircle’s ‘Annual India Mobile Ecosystem Report’.

The report analyses the data segment wise and states that the start-ups in segments like M-commerce, video streaming, gaming and M-payments have attracted $ 8,053 million worth funding.

With majority of mobile centric start-ups still being in the early funding stage, the tendency of them achieving scale and breaking is still low.

The year 2015 saw a surge in terms of deal volumes to 115 early stage funding.

Speaking on the report highlights, Nita Kapoor, Head-India, New Ventures, News Corp and CEO, News Corp VCCircle, said, “The numbers are suggestive of India being an evolving ‘data’ story. Revenue growth will come from the increasing data ARPU. Growth in data consumption will drive the next wave of growth for this industry. This is validated by telcos such as Bharti Airtel, Reliance, Vodafone, Idea & BSNL planning capex towards setting up telecom data infrastructure in excess of Rs. 60,000 crore.”

By Sarthak Kathayat (An Intern at FE.com)

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