You are here

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

BT_20160310_KVFLIPKART10_2157915.jpg
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

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom