T Rowe Price marks down Flipkart valuation by 20%
Global investment management firm T Rowe Price has marked down its shares in Flipkart by 20%, valuing the company at $10.3 billion. However, another mutual fund investor Fidelity marked up the valuation of its Flipkart shares by 3%, valuing the company at about $9 billion. Flipkart was valued at $15 billion when it last raised funds in May 2015.