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Zomato and Flipkart have multi billion $ exits. What appears to have happened is a classic bubble with exuberance well beyond the fundamentals which propped up
by addicted 2y ago
Zomato and Flipkart have multi billion $ exits.
What appears to have happened is a classic bubble with exuberance well beyond the fundamentals which propped up fundamentally unstable companies and misallocated capital.
The market will respond like it does after every bubble. By swinging to the opposite end of the spectrum which will put immense pressure on the existing companies and the ones that survive in this adverse environment will be the actual good companies which can then grow going forward.
- kamaal 2y agoFlipkart hasn't yet had an 'exit'. Once Amazon got big, their usage among the masses has declined. The web site is arguably not as good as Amazon and search looks broken tbh. I think most of their sales comes from Myntra? The hope is that retail investors will bail them out absorbing losses.