What sobering ecommerce valuations mean for entrepreneurs
It seems that the past 6-9 months have played out a full boom-and-bust cycle as far as ecommerce in India is concerned. Whereas in the July-August time frame, $10 million fund-raises were being inflated to $40 million, and investors seemed to be willing to pay 5-8 times the gross merchandize value as pre-money valuations, suddenly the world seems to have…