MMorgan Stanley Cuts Down Flipkart Value To $11 Billion @BENGALURU

Indian e-commerce posterboy Flipkart's value has dropped 27% after the Wall Street powerhouse Morgan Stanley marked down its investment in the eight year-old company. This comes amidst nervousness about steep valuations of several celebrated startups following a global markets rout.

Fli... read morepkart, which has a 45% share of Indian e-commerce market, is now worth a little over $11 billion down from $15.2 billion.

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