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Flipkart's markdown heralds 'market detox'

Fundraising party winding down after two years of funding boom as investors vied for a piece of India's mobile-fuelled economy
Thursday, March 10, 2016 - 05:50

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Flipkart - India's top online retailer by sales - is the largest of a crop of startups craving capital to bankroll a battle with Amazon.com Inc and Snapdeal.

Bengaluru

CASH-HUNGRY Indian startups like Flipkart are discovering that the fundraising party is winding down.

The domestic e-commerce leader became one of the most prominent Asian startups to have its valuation slashed by a high-profile investor. Sending ripples through the

sentifi.com

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