Flipkart's valuation slashed to $9.9 billion by investor
Homegrown e-commerce major Flipkart's valuation has been marked down by 4% to about $9.9 billion by US-based mutual fund investor T Rowe Price. The investor had invested about $100 million in Flipkart in December 2014, when the firm raised $700 million in funding. Flipkart’s valuation came down by almost a third after frequent valuation markdowns by investors in 2016. 