Mobis Philipose

India: Snapdeal isn’t worth $850m but, in e-commerce world, weird is normal

If Snapdeal collapses, SoftBank will end up with egg on its face

Flipkart’s largest funding may also be the trickiest to navigate

Flipkart will be expected to use its freshly raised funds far more cautiously.

Why are Idea shares falling after Vodafone merger announcement?

Idea’s shares have fallen 14% since the deal announcement.

Merger with Idea signals Vodafone’s shrinking interest in India

Vodafone investors have been recommending an exit from India.

Nasdaq-listed MakeMyTrip valuations continue to defy gravity

As if MakeMyTrip Ltd’s valuation wasn’t high enough, investors in the Nasdaq-listed company have taken it to far greater heights. The company reported higher-than-anticipated growth for the quarter ended December 2016, after which its stock rose by nearly 10%. MakeMyTrip’s market capitalization is now nearly $3.6 billion, based on the… Read more »

India: Sale of tower assets will help telcos create some value

The fierce battle in the telecom industry is expected to result in a fair bit of M&A (mergers and acquisitions) activity in 2017. Regardless of whether companies move towards consolidation, it looks like there will be some asset sales, especially in the tower infrastructure space. While announcing its September quarter… Read more »

Has Ibibo lost some of its sparkle for investors in MakeMyTrip?

MakeMyTrip Ltd’s shares have corrected by around 17% after the initial euphoria around its purchase of Ibibo Group’s travel business subsided. Although they are still trading far higher when compared with the levels before the deal announcement, the toning down of expectations by investors is welcome. As pointed out earlier,… Read more »

Along with Ibibo, MakeMyTrip also gets absurd private market valuation

Clearly, the e-commerce space never fails to surprise when it comes to valuations. Of course, valuations were most absurd in private transactions, although even there, investors have become a bit more cautious. But in public markets, valuations used to be far more sane.

India: The rush of exits in BSE’s IPO might put off new investors?

Seven of BSE Ltd’s top 10 shareholders are selling large chunks of their stake in the exchange’s initial public offering (IPO). Three of them, including Singapore Exchange (SGX), are selling their entire holding, while the remaining are selling 40-50% of their holding. According to reports, they are likely to receive… Read more »

How Flipkart’s $70m deal to buy Jabong may be its best investment yet

Thanks to this purchase, there is no major competitor left in the fashion and apparel segment. Flipkart now has a share of well over 50% in this market, largely through Myntra, which it acquired a little over two years ago, and Jabong.