My analysis of Flipkart's existential dilemma in the article "Saving Private Flipkart" got an overwhelming response,<a href="http://www.huffingtonpost.in/sumanth-raghavendra-/9-reasons-why-flipkart-do_b_9775314.html?utm_hp_ref=india" target="_hplink"> including this rebuttal. </a>There were some questions about the data I used for the analysis. I thought I should expand on some of them, starting with why we shouldn't take Morgan Stanley numbers at face value.
Partner at India Value Fund Advisors
Haresh Chawla is currently a <a href="http://www.ivfa.com/business_management.html#bus_book" rel="nofollow">Partner at India Value Fund Advisors</a> (IVFA). IVFA is one of India's most experienced and respected private equity funds, with over USD 1.5 billion under management. At IVFA, he focuses on investments in the food and consumer sectors where he identifies and helps transform mid-size businesses. <br> <br> He is best known though for his leadership in transforming the <a href="http://network18online.com/" rel="nofollow">Network18 Group</a> into a formidable media network. Under his watch as Founding CEO, Network 18 became India's fastest growing Media and Entertainment network. <br> <br> In his dual leadership roles at Network18 and Viacom18, he built a media conglomerate that reached over 300 million households across platforms including television, print, films, mobile and internet. <br> <br> His career at Network18 spanned 12 years, and he grew revenues from $3 million in 1999 to $500 million in 2012. He transformed the company from a TV production house to India's leading multi-media house with over 11 TV channels including Colors, CNBC-TV18, CNN IBN, MTV India and Nick India. He forged joint ventures and long-term partnerships with the world's largest media companies including NBC (Comcast), CNN, Viacom, Forbes, A&E Networks. <br> <br> Haresh has also been keenly engaged in the consumer internet revolution in India from the early nineties. He is credited with building India's largest most well-known internet businesses like <a href="http://www.moneycontrol.com/" rel="nofollow">Moneycontrol</a>, <a href="http://www.bookmyshow.com/" rel="nofollow">Bookmyshow</a>, <a href="http://www.yatra.com/" rel="nofollow">Yatra</a>, <a href="http://www.firstpost.com/" rel="nofollow">Firstpost</a> and <a href="http://www.homeshop18.com/" rel="nofollow">Homeshop18</a>. He continues is a successful investor and mentor to several internet and consumer start-ups today. <br> <br> Earlier, Haresh has been part of founding teams at the HCL Comnet; ABCL, where he set up the Film Distribution Business, and at the Times of India Group where he launched Times Music. <br> <br> Haresh holds a Bachelor's degree in Engineering from <a href="http://www.iitb.ac.in/" rel="nofollow">IIT Mumbai</a> and a Master's degree in Business Management from <a href="http://www.iimcal.ac.in/" rel="nofollow">IIM Calcutta</a>. He lives with his wife and two children in Mumbai
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