According to a new study by Forrester Research, approximately a fifth of total retail sales will take place online by 2021 in Asia Pacific, with 78 percent of that coming from mobile, up from 63% in 2016.
2015 can be crowned as 'THE' year for hyperlocal space. The industry saw rise, dominance and epic fall in the same year. Despite the large market size, consumer preference and huge injection of funds, what led to such a catastrophic downfall?
Microsoft Ventures has recently indicated its plan of incubating around 500 startups in the coming five years. The company plans to create a practical and profitable business out of these startups especially in India.