Flipkart valuation marked up by 10% to $11.5 bn
Flipkart's valuation rose to $11.5 billion after the firm's US-based mutual fund investor Valic marked up its shares in the e-commerce company by 10%. The shares were valued at $108.04 at the end of quarter ended May, against $98.19 in the previous quarter. This comes after Flipkart's investors, including Valic, had marked down its valuation in the past.