India: Mutual fund investor Valic markup takes Flipkart’s valuation to $11.5b

India: Mutual fund investor Valic markup takes Flipkart’s valuation to $11.5b

Photo: Mint

After successive markdowns by multiple investors, the valuation of Flipkart Ltd, India’s largest e-commerce firm, has been marked up by Valic Co., a mutual fund investor in the firm, according to a report.

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