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Flipkart, Ola struggle to raise funds at peak valuations

This, as investors get jittery over global competition

Alnoor Peermohamed & Raghu Krishnan  |  Bengaluru 

Indian unicorns such as Flipkart and Ola are struggling to raise fresh funds at valuations higher than or equal their last funding round as investors see them ceding market share to global rivals such as Amazon and Uber in the country. Both Uber and Amazon are flush with funds and are accused of receiving more favourable treatment by the local authorities, as they invest aggressively to dominate India, the last large open market globally. Flipkart, the most valuable Indian startup and largest e-commerce marketplace in the country, has seen its value erode from a peak of $15.2 ...

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First Published: Sat, November 26 2016. 21:06 IST
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