“Unfortunately, due to just one individual, Lee Fixel of Tiger Global, Flipkart has gone from being a poster child to being the single biggest risk to the technology ecosystem.” So opined Sharad Sharma, founder of iSpirt and a prominent angel investor in India in mid-2015. This is not an isolated opinion. Several others in the Indian startup ecosystem are wont to blame Lee Fixel for the purported funding bubble and the attendant risks it engenders.
Is this assertion true? Is Lee Fixel really the one who created a funding bubble in India?