Indian e-commerce saw M&A deals worth $2.1 bn in '17: Report
India's e-commerce sector witnessed 21 mergers and acquisitions (M&A) worth as much as $2.1 billion in 2017, according to a report by Grant Thornton. However, the number of transactions and value were lower compared to 2016, which witnessed deals worth $2.22 billion in 18 transactions. In the January-April 2018 period, six transactions worth $226 million were seen, the report added.