India: Investors refuse to fund Flipkart, Snapdeal at current valuations

India: Investors refuse to fund Flipkart, Snapdeal at current valuations

Visual from FlipKart website

India’s most valuable e-commerce firm Flipkart Ltd has held funding talks with more than 15 investors over the past six months, all of whom have refused to invest in the company at its preferred valuation of $15 billion.

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