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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Flipkart’s valuation blues continue as Vanguard joins the markdown bandwagon

FlipkartFlipkart continues to battle valuation blues with US-based investment firm Vanguard Group becoming at least the fifth investor to mark down the value of its stake in the e-commerce company. Vanguard slashed the holding value of its investment in Flipkart by as much as 25% in the quarter through March, according to filings with the […]

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No end to Flipkart’s woes as Vanguard joins the markdown bandwagon

FlipkartA mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart, joining at least four other investors who think the Indian online marketplace is overvalued. Vanguard slashed the holding value of its investment in Flipkart by as much as 25% in the quarter through March, according […]

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