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High valuations of India's online firms cause concern

Investors fret that that could hamper IPOs, limit exit strategies

MR BAHL: Says Snapdeal is valued at over US$5 billion and is expected to end the year with US$3 billion in gross merchandise volume.


AS billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings and limit their options when it comes to turning paper profits into cash.

India's rising number of smartphone users,