$1B is a lot of money in the US too, even for a company's valuation.
But to raise $1B is, well, astronomical.
But to raise $1B is, well, astronomical.
Retail companies historically get relatively low valuations (particularly compared to your typical tech company), in part because the margins tend to be very mediocre in retail.
A software company would typically have margins 5 to 10 times greater than most retail companies. Amazon has been an anomaly in this regard, while they have the terrible margins, they have been rewarded with a massive valuation.
The bottom billion people in India have less disposable income than the five million people living in Norway.
US.......15.68T......313M.....$49,965
UK.........2.44T.......63M.....$38,514
China.....8.23T...1,351M.......$6,091
Nigeria....262b......168M......$1,555
India......1.82T...1,237M......$1,489
https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...!