Govt hikes funding for start-ups, Flipkart invests more in Myntra

Photo: iStock What to watch out for: • Flipkart invests another Rs.338 crore in its fashion portal Myntra: In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra. The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is […]

Changing gears at India’s start-ups

The Morgan Stanley markdown brings Flipkart’s valuation down to about $11 billion from the $15.2 billion the company claimed when it raised its last round of funds. Photo: Hemant Mishra/Mint In late October, Silicon Valley venture capitalist Bill Gurley, speaking to The Wall Street Journal about technology start-up valuations, said, “All these private valuations are […]