Deals to e-commerce startups worldwide increased for the first time since the first quarter of 2016, reaching 190 deals in the first quarter of 2017. Funding also increased, more than doubling the $ 2.3 billion seen in Q4 2016.

The top three deals in the first quarter of 2017 to Flipkart, Koubei, and Uxin Pai accounted for 63% of total dollar funding during the quarter.

(This article was originally published in The Times of India)