Ecomm festive sales hit Rs 24,000 Cr in two days; VC funding drops as large deals dry up

Dear Reader, India’s ecommerce platforms clocked around Rs 24,000 crore in sales during the first two days of festive shopping, with mobile phones accounting for the largest share by value, according to Redseer Strategy Consultants. Around 6-6.5 crore shoppers placed 8-9 crore orders, with demand extending to electronics, appliances and fashion, particularly among consumers in Tier II cities and smaller towns. India’s digital infrastructure is also drawing attention, with Elon Musk vowing to mak