Is Flipkart fairly valued compared with its Southeast Asian peers?

Based on Statista, ecommerce revenue in Southeast Asia is estimated to be about $40 billion in 2019 and projected to touch $172 billion in 2025.The ecommerce monster in Southeast Asia is undoubtedly Shopee which started in Singapore in 2015. It is now in every major Southeast Asian country plus Taiwan, Brazil, Mexico, Chile, and Colombia