India: Will Flipkart markdowns hurt its fundraising prospects?

India: Will Flipkart markdowns hurt its fundraising prospects?

Photo: Mint

A mutual fund managed by Morgan Stanley has slashed its estimate of Flipkart’s valuation down to just $5.54 billion, which is about two-thirds lower than the company’s peak valuation of $15 billion and nearly 40% lower than Morgan Stanley’s previous estimate.

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