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’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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Morgan Stanley, Goldman Sachs to be lead bankers for Snapchat’s IPO

snapchatPhoto messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg citing unnamed sources stated. Besides these, J […]

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Flipkart gets a valuation boost from Fidelity

Flipkart_by_shah_junaid_1001After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with the Securities and Exchange Commission, the mutual fund marked […]

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Tech startups: Time for a reality check?

startupHas 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 raised funds. A long overdue reality check seems […]

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Morgan Stanley now values Flipkart less than $10 billion

FlipkartIndian 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 March 2016 compared with $103.97 three […]

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