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Lay-offs at several Indian startups spark bubble fears
Published Sun, Nov 22, 2015 · 09:50 PM
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Mumbai
HUNDREDS of lay-offs at several Indian startups have sparked fears the bubble is starting to burst for the country's e-commerce companies, amid claims by analysts that many of them are overvalued.
Restaurant search website Zomato, food delivery app TinyOwl and property portal Housing.com are all letting staff go, and experts are warning of echoes of the dotcom boom which crashed spectacularly in 2000.
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