NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.

Newsletter

Newsletter

What Do Flipkart & SpaceX Have In Common? The Valuation!

Everyone is betting on the India’s online retail space to morph into a giant, according to The Wall Street Journal’s list of the world’s most valuable startups.
Flipkart Valuation WSJ
The list, populated by companies that VCs believe are worth more than $1 billion, now features Flipkart in the 5th spot at a valuation of $11 billion. However, other sources put a sticker price of $12 billion on the Indian e-commerce giant, making it at par with Elon Musk’s beloved SpaceX.
Chinese smartphone giant Xiaomi leads the list, compiled by The Wall Street Journal and Dow Jones VentureSource, at a $46 billion valuation, followed by US-based Uber, Palantir and SpaceX.
Flipkart isn’t the only Indian e-commerce player to make the list either. Rival Snapdeal is valued at $2 billion and comes in at 30th spot out of the 73 companies on the list. The two other firms from the sub continent include mobile advertising firm InMobi ($2.5bn) and OlaCabs ($1bn).
India is expected to become home to the second-largest number of startups after the US over the next few years, driven by the massive mobile Internet revolution in the country. Investors are piping in hoards of cash into cities like Bangalore and Pune, including the new guy – Google Capital.
Google Capital just last month invested in Indian property portal CommonFloor, while other big players include Japan’s SoftBank that has pledged to invest $10 billion in India over the next five years.

Add comment