Flipkart's woes sound alarm over start-up valuations
InMobi, a fledgling mobile ad network back in 2011, was out in the market to raise $25 million when Japanese investor Softbank decided to sink $200 million for a 35 per cent stake in the company. The firm jumped at the opportunity, took the money, and expanded rapidly. Three years later, in 2014, Softbank wrote down a majority of its investment.
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Source: VCCircle PE-VC Outlook
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