A fortnight ago there was a buzz in the digital media that Vinod Khosla, Co-Founder Sun Microsystems and Khosla Ventures, said that the Indian eCommerce unicorns are overvalued. Quoting Business Standard as the source, several media houses covered that Vinod Khosla said so in a statement, and questioned the valuations of firms like Flipkart and Snapdeal. However now when the VC investor discovered this, he has clarified that he never said this in the first place.
— Vinod Khosla (@vkhosla) October 3, 2015
Here is the link to the original interview, which was published by ET and misquoted by other online publications. Thanks to digital media and the speed of social media, even false news travels fast and creates opinions. Among the tech unicorns in the country Flipkart, Snapdeal and Paytm are the eCommerce players. While Flipkart and Snapdeal have been battling since long, Paytm is a new player in the game with a different approach than these two.
With media holding the power to make and break companies, it would be a new ball game all together when these companies would go public.