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

Friday, December 2, 2016 | More »

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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...

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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 »

Flipkart

Flipkart’s loss doubles in FY2015-16

The net loss of Flipkart Internet Pvt. Ltd, which operates e-commerce major Flipkart, doubled to Rs 2,306 crore in the financial year ended 31 March 2016, compared with Rs 1,096 crore in the year-ago period, according to filings with the Registrar of Companies. The company’s revenues rose to Rs 1,...

26 November, 2016 | More »

How startup valuation in early-mid stage VC deals slipped this year

The deceleration in venture funding deals has not just affected the number of startups that are getting capital but also the valuation at which they are raising fresh capital. While valuations of startups are also a function of the stake they are diluting in each subsequent round of funding, the ave...

4 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 »

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How T. Rowe Price’s markdown of Flipkart valuation differs from Morgan Stanley’s

American asset management firm T. Rowe Price has marked down the value of its investment in India’s top e-commerce firm Flipkart, becoming the second such investor after Morgan Stanley to do so. In its quarterly report for the period ended March 31, 2016, a public market fund managed by T. Row...

18 April, 2016 | More »