The true value of Indian unicorns6 min read 27 Apr 2016, 01:40 AM IST
Investments in start-ups come attached with downside protection clauses, which are like a put option written by existing investors in favour of new investors
A report in Mint earlier this month mentioned that Indian e-commerce firms Flipkart and Snapdeal have hit a “valuation wall", with prospective investors unwilling to meet their latest headline valuations of $15.2 billion and $6.5 billion, respectively. This followed moves by T Rowe Price and Morgan Stanley in marking down the valuation of Flipkart to $12.75 billion and $11 billion respectively in their investor declarations.
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