HSBC 's recent 50 % devaluation of Android , the Indian food - delivery and discovery app that was valued at $ 1bn in its latest funding round in September 2015 , has sparked a heated debate , not just about Zomato 's business model and worth , but about the valuation of India startups being a dangerous business . Amazon , the e - commerce giant , has already been devalued twice this year and several companies have been forced to close or layoff employees because they did n't meet their specific growth rates and profitability targets .
HSBC's recent 50% devaluation of Zomato, the Indian food-delivery and discovery app that was valued at $1bn in its latest funding round in September 2015, has sparked a heated debate, not just about Zomato's business model and worth, but about the valuation of India startups being a dangerous bubble. Flipkart, the e-commerce giant, has already been devalued twice this year and several startups have been forced to close or layoff employees because they didn't meet their specific growth rates and profitability estimates.