Weaker yen helps SoftBank pare valuation loss from Snapdeal, Ola investments

Yen-fallJapanese telecom and Internet giant SoftBank Group Corp has reported a valuation loss of ¥39.3 billon (nearly $350 million) from its financial instruments for the nine-month period ended December 31, 2016, largely due to a decline in fair value of preferred stock investment, primarily in India. The loss would have been higher but for a […]

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Vanguard slashes Ola’s valuation by 41%

taxi-thinkstock-45856987_feA mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April and November in 2015. According […]

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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 loss doubles in FY2015-16

FlipkartThe 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 1,952 crore in FY2015-16 from Rs […]

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

Startup_ThinkstockThe 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 average size of VC deals […]

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Markdowns haunt Flipkart again as two more investors slash stake value

FlipkartA 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 value of their investments in Flipkart. […]

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Markdowns haunt Flipkart again as two more investors slash stake value

FlipkartA 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 value of their investments in Flipkart. […]

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

Flipkart-by-Shah-Junaid-(6)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. Rowe Price has knocked down […]

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