PE/VC deals at $4.2 bn in March quarter, e-com finds little traction

The e-commerce sector saw merely 11 deals worth $85 million

Private equity (PE) and venture capital (VC) investments largely chose to ignore India's E-commerce in the March, 2017 quarter even as the total tally during the period touched $4.2 billion, primarily driven by Canadian pension funds deals, says a report.

According to the report by EY, March 2017 reported deals worth $2.6 billion across 60 deals, recording a strong increase of 52 per cent in value and 31 per cent in volume over March, 2016.

For the preceding January-March quarter, PE/VC investments were valued at $4.2 billion across 134 deals.

The e-commerce sector, which has been struggling for some time now, saw merely