Why Flipkart’s valuation wasn’t hurt by multiple markdowns

Why Flipkart’s valuation wasn’t hurt by multiple markdowns

Photo: Mint

Since the start of 2016, Flipkart’s value has been marked down by five of its own investors, mostly mutual funds based in the US. These funds include those run by Morgan Stanley, Fidelity and Valic and have valued the company anywhere between $5 billion and $10 billion.

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