Investors gauge private firms on their businesses, growth abilities, and macro environment to identify their ‘true’ value
The SoftBank-backed firm released a statement to uphold the increase in its gross booking value this financial year after the Japanese investor cut the IPO-bound Indian start-up's valuation by about 20 percent to $2.7 billion.
Myntra is set to be profitable this time next year says CEO Ananth Narayanan, perhaps making Myntra the first VC-funded e-commerce play to hit that milestone. Narayanan in a conversation with CNBC-TV18's Syna Dehnugara also spoke about Flipkart's race with Amazon, valuation markdowns and much more.