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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

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


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...

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