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T Rowe Price marks down Flipkart again, valuation down to $9.9 bn

Mutual fund investor T Rowe Price has cut the valuation of India's largest online retailer Flipkart marginally by another 4 per cent to about $9.9 billion. The move comes after the other major mutual fund shareholder, Morgan Stanley , slashed valuation...

Walmart in preliminary talks to invest $1 billion in Flipkart

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports. The move is being widely...

US mutual fund Vanguard slashes Flipkart value by 25 pc

A Vanguard-managed mutual fund has marked down the value of its shares in Flipkart by 25 per cent, the fund has disclosed last month. This is the sixth markdown for the Indian e-commerce behemoth. A fund managed by Morgan Stanley has...

More investors mark down Flipkart valuation by 20pc

Two of Flipkart's mutual fund investors have marked down the value of their holdings in the company by 20 per cent. Global investors in India's largest e-commerce marketplace Flipkart are acknowledging the drop in the company's value, which peaked at $15.2 billion in...

Flipkart eyes top furniture retailer position in 2016

The imminent entry of IKEA into the Indian market next year has sent the country’s e-commerce majors into a huddle over the drawing board, deciding what to do next to ensure they retain a chunk of the furniture retail...
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The Luxottica report card for 2022

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