Valuation markdown is a global thing: Flipkart
On the recent valuation markdown, Flipkart CEO Binny Bansal told Mint, "They’re very small investors. It’s a global phenomenon; it’s not specific to Flipkart". He added, "The funds have their way of calculating valuations which isn’t clear." Bansal said, "If in future they mark up our valuation by 30%, it’s not like we’re suddenly going to be happy."