Gender Focused e-Commerce Websites Getting Funded - What's The Plan?
These days, I get surprised whenever an e-commerce website in India gets funded by venture capital firms. It looks like the VCs still believe that there's room for ecommerce websites in India. Yesterday, I read that limeroad.com - a women only shopping portal has raised funds from LightSpeed Venture Capital and now, LadyBush.com has received funding from Germany based Rocket Internet.
I wonder why do VCs think gender focused e-commerce portals would be the next big thing? Probably they're betting their money believing that a bigger e-commerce portal will acquire them. In my opinion, most of the ecommerce websites in India are DoA (dead on arrival). But VCs think otherwise.
What's the plan, folks?