Indian Startups Find the Fundraising Party Is Winding DownBy
Founders and investors brace for pressure on valuations
Smaller startups already feeling the heat, QikPod CEO says
Cash-hungry Indian startups like Flipkart Pvt. are discovering the fundraising party’s 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 industry, a Morgan Stanley fund marked down its value by more than a quarter to $11 billion, less than a year after financing clinched a $15 billion valuation…
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