According to reports, two of India’s biggest and most popular startups are set to go public. Flipkart, the Walmart-owned e-commerce giant, and Zomato—one half of India’s foodtech duopoly—are aiming to raise billions of dollars from the public markets. In this episode, we answer two questions: fundraise after fundraise, how are valuations calculated? And for Flipkart and Zomato, are these valuations justified or will public market investors give them a reality check?

In the second segment, a panel of The Ken’s journalists discuss the week’s juiciest and most important stories from the past week—TATA’s plans to acquire Bigbasket, r/wallstreetbets, and the Competition Commission’s investigation into Amazon

Originally reported by Seetharaman G and Sunny Sabharwal. Hosted by Anushka Chhikara and Olina Banerji. Music and editing by Sameer Rahat from Baqsa Studios.