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Posts Tagged ‘ Flipkart India Pvt. Ltd. ’

Flipkart suffers yet another valuation markdown

Friday, March 3, 2017 | More »

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Just when Flipkart Internet Pvt. Ltd was consolidating its position under the new CEO Kalyan Krishnamurthy, a fresh bout of valuation markdowns could prove to be a damper. More so, as the largest consumer internet company in India had experienced a tumultuous 2016. In fact, Macquarie Group-owned Opt...

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Morgan Stanley trims Flipkart valuation to $5.39 bn

Indian e-commerce firm Flipkart has suffered its second markdown in as many months with a mutual fund managed by Morgan Stanley slashing the value of its stake in the company by 3%. According to filings with the US Securities and Exchange Commission (SEC), a Morgan Stanley fund lowered the value of ...

28 February, 2017 | More »

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Fidelity slashes Flipkart’s valuation to $5.56 bn

Fidelity Rutland Square Trust II, the mutual fund managed by Fidelity Investments, has lowered the value of its investment in Flipkart by 36.1%, valuing the e-commerce marketplace at $5.56 billion, nearly a third of its peak valuation of $15.2 billion in 2015. According to filings with the US Securi...

25 January, 2017 | More »

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Flipkart suffers another markdown as Vanguard slashes stake value by 33%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...

2 December, 2016 | More »

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Flipkart’s valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...

29 November, 2016 | More »

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Flipkart may hire I-bankers to raise funds

India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now cons...

25 November, 2016 | More »

Flipkart

Flipkart’s markdown blues continue as Fidelity, Valic trim stake value

India’s largest online marketplace Flipkart’s valuation woes seem to be far from over as two American mutual funds, Fidelity Rutland Square Trust II and Valic Co. have marked down the value of their investment in the company for the second time this year. According to filings with the US Securit...

8 November, 2016 | More »

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Flipkart to control 70% of online apparel market after Jabong buy

The acquisition of Jabong will help e-commerce company Flipkart strengthen its position and control almost 70% market share in India’s growing online apparel shopping segment. According to sellers and executives who work in the online apparel commerce industry, Jabong commands around 25% of th...

26 July, 2016 | More »

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Zapr raises funding from Flipkart, Micromax and others

Red Brick Lane Marketing Solutions Pvt Ltd, which runs media-tech startup ZAPR, has raised an undisclosed amount of funding led by Flipkart, with participation from Saavn and Micromax and Mu Sigma co-founders – Dhiraj Rajaram and Ambiga Dhiraj. This round also saw participation from existing i...

14 January, 2016 | More »

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Visual AI startup Snapshopr raises angel funding

Snapshopr, an artificial intelligence (AI) startup that specialises in visual search and image recognition, has secured an undisclosed amount in angel funding led by former Flipkart CTO Amod Malviya. Apurva Dalal (CTO, Urban Ladder), Pallav Nadhani (co-founder, FusionCharts), Saran Chatterjee (CEO, ...

14 January, 2016 | More »

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