Flipkart’s Valuation Cut By Two More Investors

It’s getting increasingly likely that Flipkart isn’t quite worth the $15 billion it was last year. After Morgan Stanley had marked down its shares by 27%, and T Howe had snipped its valuation by 15%, two mutual firm investors have now valued Flipkart at less than the $15 billion valuation it enjoyed in August last year.

Pakistani Startups Inspired By Every Top Indian Startup

India’s neighbour and archrival, Pakistan has a counterpart for every top Indian startup there is, right from Flipkart to Naukri.com to Zomato. Pakistani startups may have a long way to go in terms of investment rounds, the look and feel of the website and app, and market penetration, the presence of these established startups is a handy reckoner of its potential. And while India is sometimes accused of following US and China models of startups, it’s in a way redeeming to say that many of India’s homegrown startups have inspired the same in its neighbour country.
Here’s a look at top 12 Pakistani startups, along with their Indian inspiration.