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Posts Tagged ‘ Sofina Societe ’

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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Ed-tech startup Byju’s raises $75M from Sequoia, Sofina

Educational-technology startup Byju’s said on Tuesday it has raised $75 million (about Rs 500 crore) from Sequoia India and Belgian investment firm Sofina. The company will use the funds to expand its product pipeline, deliver content in a new format, enter new markets and increase its staff str...

22 March, 2016 | More »

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Practo raises $90M from China’s Tencent, Sofina, Google Capital, Yuri Milner & others

Practo Technologies Pvt Ltd, a web-based clinic management software developer and medicare listings provider, has raised $90 million in Series C funding led by Chinese media and technology conglomerate Tencent Holdings Pvt Ltd. Marquee institutional investors such as Sofina, Sequoia India, Google Ca...

6 August, 2015 | More »