Shopify founder explains what the VCs who passed on Shopify got wrong
When Tobi Lütke pitched Shopify to investors, they said no.
They thought the market was too small—only 40,000-50,000 online stores existed then.
Even if Shopify captured half,
India's fertilizer industry has grown consistently since 2014, with a 9.6% increase in production in 2023. The industry is expected to grow to a market size of Rs 1.38 lakh crore by 2032.
For my business i have been using Shopify and it's extremely super helpful in terms of everything. Used a lot of Shopify Apps to customize my store, seems like a great market. Any Shopify Dev can share their opinion on the opportunity of Shopify apps