Top startups have bucked the markdown trend

The repeated markdown of flipkart shares by its investors has put the valuation tag of $15.2 billion for India's largest retailer in question. But markdowns are part of a now controversial global trend, where mutual funds have not spared even the biggest names like ride hailing app Uber and house rental startup Airbnb. Investments from mutual funds, whicj typically invest in public markets, have helped push up the valuations of Unicorns but like stock markets they also come up with downsides. ET takes a look at the good, the bad and the egly markdowns.