According to an ICRA report, the Indian warehousing market grew by 45% in the first nine months of FY 2022 and the net absorption might be pushed to around 43 million square feet by the end of 2022. 

According to market research company Redseer Strategy Consultants, e-commerce platforms saw a surge of almost 25% on an annual basis as they sold goods worth Rs. 76,000 crore (US$ 9.29 billion) during the festive season sale in October.

On October 22, Shiprocket, a provider of shipping and logistics solutions, completed its first successful transaction after becoming online on the government's Open Network for Digital Commerce (ONDC).

In the midst of a funding crunch for startups, Udaan has raised US$ 120 million in convertible notes and debt from shareholders and bondholders.

According to a recent report by Canadian multinational e-commerce company Shopify, Indian e-commerce companies are expected to enjoy a holiday bonanza with sales likely to increase 28% YoY to US$ 11.8 billion during the month.