Flipkart faces valuation markdown by investors
Flipkart's investors Valic and Fidelity have marked down their shares in the e-commerce startup by 11.3% and 3.2% respectively, for the last quarter. The markdown has reportedly put Flipkart's valuation between $8.7 billion and $10.25 billion. Both the investors in May had marked up their shares in Flipkart, which valued the startup at $11.5 billion.