Home > Archive by tag 'markdown'

Posts Tagged ‘ markdown ’

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

Friday, December 2, 2016 | More »

VCCircle_Flipkart8
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...

Saurabh-Srivastava_fe

Markdowns reflect sentiment, vital to see if firm is on right path: IAN’s Srivastava

Dozens of startups have shut shop in 2016 while many others have struggled with a funding crunch and valuation markdowns. But serial entrepreneur and investor Saurabh Srivastava is not too perturbed. The chairman and co-founder of the Indian Angel Network (IAN), one of the largest and oldest angel g...

1 December, 2016 | More »

For-Flipkart-Story-TC_Shah-Junaid

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 »

bookmyshow_fund-raising

Will latest markdowns affect Flipkart, Ola and Snapdeal’s fundraising?

Year 2016 has not been a great period for Indian consumer internet companies. Not only has there been a sharp decline in the number of deals in this space, companies that saw large cheques and subsequent valuation jumps earlier are now facing what they dread the most – markdowns on their valuation...

9 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 »

Flipkart

Flipkart’s valuation blues continue as Vanguard joins the markdown bandwagon

Flipkart continues to battle valuation blues with US-based investment firm Vanguard Group becoming at least the fifth investor to mark down the value of its stake in the e-commerce company. Vanguard slashed the holding value of its investment in Flipkart by as much as 25% in the quarter through Marc...

1 July, 2016 | More »

startup

Tech startups: Time for a reality check?

Has the moment of reckoning arrived for Indian internet companies? As India’s e-commerce poster boy Flipkart suffered its fifth markdown this week, this was the question that was on everyone’s lips. Around $5.8 billion has been shaved off its mid-2015 value of $15.2 billion when it last ...

28 May, 2016 | More »

Flipkart

Morgan Stanley now values Flipkart less than $10 billion

Indian e-commerce firm Flipkart has suffered its fifth markdown after a mutual fund managed by global financial services firm Morgan Stanley slashed the value of its stake in the company by 15.5%. The Morgan Stanley Institutional Fund Trust estimates each Flipkart share is worth $87.86 at the end of...

27 May, 2016 | More »

Flipkart

Markdowns haunt Flipkart again as two more investors slash stake value

A growing number of Flipkart investors are realising that India’s top e-commerce firm is overvalued, though there is no unanimity by how much. American mutual funds Fidelity Rutland Square Trust II and Valic Co. have joined US asset management firm T. Rowe Price and Morgan Stanley in reducing the ...

4 May, 2016 | More »