@sivakkri,
We shouldn’t evaluate all the companies with same set of rules.
Some companies when they are in early stages of growth, it is easy to report 100% growth qtr by qtr. iStreet belongs to the same category. Last qtr they reported a sales of 1.7 crores, for the current FY they will surely report 8-10 crore sales (gross merchandise value). Which means 10 times of last year sales, i don’t think 2lakhs salary for month is a big issue at all.
Current method of e-commerce enterprises value is based on GMV, you can read the flipkart / snapdeal comments, they all report in terms Gross Merchandise Value to arrive the business valuation. When they report good turnover/ acquired by some giants / coming infibeam ipo..they will provide some triggers and everyone will be in rush to buy the same.
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