Ratan Tata, chairman emeritus of Tata Sons, created a stir recently by stating that start-ups in e-commerce segment are asking for too high a price for parting stakes. Tata, a mastermind of several deals, like the multi-billion-buck ones like JLR and Corus marquee, has used a fancy to investments in new-age companies after his pension from the Tata group.
Ratan Tata has committed to a number of e-commerce start-ups, including Snapdeal, PayTM, Urban Ladder, Bluestone, and Karyaah also, a fashion website, very recently. Tata said at the AGM of Indian Merchants’ Chamber. Start-up valuations are rising multifold with every round of financing, seeing gleeful investors jumping along with moneybags. 1 billion in a season.
Flipkart, the only Indian firm among the new-age ‘Decacorns’, is respected higher than the largest brick-and-mortar retailer Future Group. 15 billion. Flipkart’s valuation is also almost at par with the market cap of Mahindra & Mahindra, India’s biggest manufacturer of sports energy vehicles. That is true of small start-ups as well.
- This computation assumes that the additional interest is paid off in each 12 months
- Liquidate P and also have partners contribute to C
- Casualty and theft losses related to property that was sold or disposed
- Long term deposits in bonds
- 2005 +17.5% +6.4%
- Charitable deductions
It is the growth potential of the section that investors, foreign venture capitalists mostly, are pinning their hopes on. 50 billion from current levels, says a written report. It’s the lack of current revenue quantities/cash flows. The whole thing is … Read the rest