Live
- Cummins India Kicks Off “REDEFINE 2024”, B-school Case Competition: Focusing on Digital Solutions for Sustainability
- Not a minister but Himachal CM will decide on regulating eateries: Rashid Alvi
- Experience the thunder, be the Hero; Hero motocorp and thums up introduce a special-edition mavrick 440 thunderwheels
- HomeLane to Acquire DesignCafe, Creating Combined Entity Worth Rs 3,000 Crore
- LinkedIn adds 10 new language options including Bengali, Marathi, Punjabi, and Telugu
- Toyota Kirloskar Motor Reaffirms its Commitment to Environmental Sustainability on the World Environment Health Day 2024
- 330 million mobile phones being manufactured in India a year: Govt
- Musical Emotional Youth Entertainer 'Government Junior College' is now streaming on Amazon Prime
- Mortein Provides Protection Against Both Mosquitoes And Cockroaches With India’s First 2-in-1 Spray
- GE Aerospace’s GEnx engine completes aviation milestone 2 million flight hours with South Asian airlines
Startup markdowns are part of controversial global trend
Highlights
Investments from mutual funds, which typically invest in public markets, have helped push up the valuations of Unicorns but like stock markets they also come up with downsides. ET takes a look at the good, the bad and the ugly markdowns.
The repeated markdown of Flipkart shares by its investors has put the valuation tag of $15.2 billion for India's largest retailer in question.
But markdowns are part of a now controversial global trend, where mutual funds have not spared even the biggest names like ride hailing app Uber and house rental startup Airbnb.
Investments from mutual funds, which typically invest in public markets, have helped push up the valuations of Unicorns but like stock markets they also come up with downsides. ET takes a look at the good, the bad and the ugly markdowns.
source: techgig.com
Next Story
ADVERTISEMENT
