Valuation of FutureBazaar.com
By Webmaster - Last updated: Thursday, April 10, 2008 - Leave a Comment
Future Bazaar is an Internet Venture of Pantaloon Retail India Ltd. Recently, Sherpalo Ventures and Kleiner Perkins picked up 15% stake in the company for an undisclosed sum putting the valuations in question.
We are in receipt of a report by Morgan Stanley[MS] from which we deduce the value of FutureBazaar.com. In valuing Pantaloon Retail, MS considers a base case valuation of Rs 240 crore for Pantaloon’s 80% stake in Future Bazaar valuing the entire portal business at Rs 300 crore. [$75 Million]
So Sherpalo and KPCB are likely to have acquired 15% stake around the same valuation costing them around Rs 45 crore [$11.1 Mn]
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