Although online businesses started developing in the late 1990s, the supporting ecosystem was not yet in place. The first wave of e-commerce in India was hampered by low Internet penetration and speed, a small online shopping user base, low consumer acceptance of online shopping and inadequate logistics infrastructure. The dotcom bubble in the early 2000s led to the collapse of more than 1,000 e-commerce businesses in India and tempered activity between 2000 and 2005.
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