Pop

The bubble that never was

Many folks believe that high valuations and huge amounts of funding constitute a bubble, this is largely a misconception

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Ek tha Tiger

Sometime during the second half of 2009, three 29-year-old men were meeting in a three-room residential apartment in Koramangala, Bengaluru. Sitting on the floor of their unfinished office, Sachin Bansal and Binny Bansal, the founders of Flipkart, discussed an investment with Lee Fixel of Tiger Global, the New York-based investment firm.

Soon after, Tiger wrote a $9 million-cheque to Flipkart.

If you believe the experts, that seminal moment represented the inception of India’s startup bubble.

Why so? Well, until that point, a traditional Series A investment in an Indian startup…

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