Flipkart suffers yet another valuation markdown

Flipkart22Just 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 Optimum Fund’s decision to lower the value of […]

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Morgan Stanley trims Flipkart valuation to $5.39 bn

VCCircle_Flipkart8Indian 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 the Flipkart shares it […]

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Fidelity slashes Flipkart’s valuation to $5.56 bn

FlipkartFidelity 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 Securities and Exchange Commission (SEC), the American […]

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

VCCircle_Flipkart8A 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 Flipkart at $7.34 billion while Morgan Stanley slashed the value of […]

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Markdown plagues Flipkart again as Morgan Stanley cuts valuation to $5.57 bn

For-Flipkart-Story-TC_Shah-JunaidA 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 to $52.13 per share as […]

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Flipkart may hire I-bankers to raise funds

VCCircle_Flipkart8India’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 considering appointing an investment bank for the first time […]

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

FlipkartIndia’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 Securities and Exchange Commission (SEC), the […]

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

Flipkart_by_shah_junaid_1001The 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 the online fashion market despite losing steam over the past year due […]

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Zapr raises funding from Flipkart, Micromax and others

Zapr-2Red 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 investors Dinesh Agarwal, Samir Bangara, Sanjay Nath and Arihant Patni. […]

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Top techpreneurs back visual AI startup Snapshopr

Snapshopr_FoundersSnapshopr, 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, Housejoy), Sameer Nigam (former engineering head, Flipkart), Sanat Rao (partner, iSPIRT) and Bragadish Sureshkumar […]

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