Interesting coverage on rediff – its now at $24M enterprise value. As much as for a long time, Rediff commanded high valuations that few could explain, it now seems to have gone in the other direction. Would love to get people’s views on whats happening here.
As a bellwether for Indian internet industry, these numbers reset expectations on the entire sector and near term expectations. Naukri is just over $200M on EV, which I do believe is healthy because of their earnings (P/E ~ 20).
I also wonder what series B valuations for Internet companies would be now – till 12 months back, companies with less than 200K users and zero revenues were getting $24M valuations…
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