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Recently Flipkart was marked down in it's valuation by a couple of investors and third- parties! Sachin Bansal, the founder of the e-commerce giant Flipkart considers them as their " opinions" and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major. "That does not matter. If you look... they did it to Uber as well. Uber raised (money) at a higher valuation. They did it to one more company, they also raised money at higher valuation," Bansal said on the sidelines of an event. "I think it does not matter, people have their own opinions and it is their own opinion," he added. He was also confident about the fact that these statements will not have any impact on the company's future fund raising. For now, Flipkart is pretty well capita...

An HSBC analyst report marked down our valuation from $1b to $500m. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what’s going on. Here’s an email I sent to everybody at Zomato (2100 people currently across the world) to allay their concerns and answer their questions. Read on. Hello all, You must have woken up today to Google Alerts with mentions of Zomato’s valuation being marked down by HSBC. As you already know, the media is all over it, and we are trending on Twitter. Since the report isn’t public, and we all get troubled by where we are and where we are heading, here’s some context and detail around the HSBC ...

Tag: markdown

Markdowns Of Flipkart Doesn’t Matter: Sachin Bansal

A Reply To HSBC & Media From Deepinder Goyal (Founder of Zomato)