, Columnist
India and the Synthetic Upround
Presto! Flipkart's lower book value lets it raise cash above funds' assessment.
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Recent markdowns in the valuations of Indian startups might be just the boost nascent companies need as they scrap for cash amid concern over their futures.
E-commerce providers Flipkart Online Services Pvt. and Snapdeal and taxi service Ola have all been struck by continued book-value repricing as investors including Fidelity, Valic and SoftBank trimmed their expectations, VCCircle reported this week. Fidelity's $8.71 billion price tag on Flipkart is its lowest in more than a year, and substantially below the $15.2 billion the company reportedly was worth after a July 2015 equity sale.1478746809317