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Flipkart sticks to 'strong traction' line after massive devaluation

According to Morgan Stanley, Flipkart is now worth $6 billion from $15 billion, reports Tech in Asia

Nivedita Bhattacharjee 

Flipkart is going with its message of strong business momentum and “innovating for the customer” in the face of a massive markdown by Morgan Stanley.   The ecommerce company, once thought to be worth $15 billion, is now only worth $6 billion, according to a Morgan Stanley fund. The company, however, is putting up a brave front, saying market valuations aren’t all that important.   Earlier this year, Flipkart CEO Binny Bansal started talking about customer-centricity. In May, he followed Amazon and Snapdeal in cheering for customer service over ...

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Flipkart sticks to 'strong traction' line after massive devaluation

According to Morgan Stanley, Flipkart is now worth $6 billion from $15 billion, reports Tech in Asia

According to Morgan Stanley, Flipkart is now worth $6 billion from $15 billion, reports Tech in Asia Flipkart is going with its message of strong business momentum and “innovating for the customer” in the face of a massive markdown by Morgan Stanley.   The ecommerce company, once thought to be worth $15 billion, is now only worth $6 billion, according to a Morgan Stanley fund. The company, however, is putting up a brave front, saying market valuations aren’t all that important.   Earlier this year, Flipkart CEO Binny Bansal started talking about customer-centricity. In May, he followed Amazon and Snapdeal in cheering for customer service over ... image
Business Standard
177 22

Flipkart sticks to 'strong traction' line after massive devaluation

According to Morgan Stanley, Flipkart is now worth $6 billion from $15 billion, reports Tech in Asia

Flipkart is going with its message of strong business momentum and “innovating for the customer” in the face of a massive markdown by Morgan Stanley.   The ecommerce company, once thought to be worth $15 billion, is now only worth $6 billion, according to a Morgan Stanley fund. The company, however, is putting up a brave front, saying market valuations aren’t all that important.   Earlier this year, Flipkart CEO Binny Bansal started talking about customer-centricity. In May, he followed Amazon and Snapdeal in cheering for customer service over ...

image
Business Standard
177 22