Flipkart valuation slashed to $7.3 billion by Vanguard
US-based investment firm Vanguard has marked down the valuation of its holding in Flipkart by a third, bringing down the e-commerce retailer's valuation to $7.3 billion from $11 billion valued in March. Earlier this month, Morgan Stanley slashed Flipkart's valuation to $5.54 billion, making it the seventh time the startup's valuation was marked down this year.