Markdowns in valuations of consumer internet companies isn't a phenomenon limited to India. And, yet questions have been raised about the business models and future prospects of companies such as Flipkart and Zomato as their valuations have come under serious scrutiny post the markdowns by some of their investors. There is more to the markdown story playing out globally, say some of the country's top startup evangelists and investors. While some of them argue that current markdowns will bring in a much-needed element of sanity in the way investments were being made in the market, some raise questions about the potential of the market itself. Here is how they read the situation.
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