Private valuations are fueled by Mutual and Hedge funds, thus creating a lot of unicorns. Seems like a lot of risk to take bets at such high valuation but they have a good rationale.
Billions are being raised and spent in the e-commerce dream of India. Amazon, Flipkart, Snapdeal are all playing the long-tail i.e., all categories e-commerce and going only broader. In India, Amazon is flirting with…