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Morgan Stanley trims Flipkart value by 38% to $5.58 billion

Flipkart has been struggling to raise funds at a valuation of $15.2 billion or more

Alnoor Peermohamed  |  Bengaluru 

US-based mutual fund Morgan Stanley's exercise of marking down the value of Flipkart to $5.58 billion will put pressure on the company to raise funds in order to compete with Amazon at a lower valuation. The US-based firm marked down the value of Flipkart for the sixth consecutive time, lowering the value of its shareholding by 38 per cent on a quarter on quarter basis. The markdown comes at a time when Flipkart has been struggling to raise funds at a valuation higher than or equal to $15.2 billion. In a filing with the US Securities and Exchange Commission on November 28, ...

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Morgan Stanley trims Flipkart value by 38% to $5.58 billion

Flipkart has been struggling to raise funds at a valuation of $15.2 billion or more

Flipkart has been struggling to raise funds at a valuation of $15.2 billion or more US-based mutual fund Morgan Stanley's exercise of marking down the value of Flipkart to $5.58 billion will put pressure on the company to raise funds in order to compete with Amazon at a lower valuation. The US-based firm marked down the value of Flipkart for the sixth consecutive time, lowering the value of its shareholding by 38 per cent on a quarter on quarter basis. The markdown comes at a time when Flipkart has been struggling to raise funds at a valuation higher than or equal to $15.2 billion. In a filing with the US Securities and Exchange Commission on November 28, ... image
Business Standard
177 22

Morgan Stanley trims Flipkart value by 38% to $5.58 billion

Flipkart has been struggling to raise funds at a valuation of $15.2 billion or more

US-based mutual fund Morgan Stanley's exercise of marking down the value of Flipkart to $5.58 billion will put pressure on the company to raise funds in order to compete with Amazon at a lower valuation. The US-based firm marked down the value of Flipkart for the sixth consecutive time, lowering the value of its shareholding by 38 per cent on a quarter on quarter basis. The markdown comes at a time when Flipkart has been struggling to raise funds at a valuation higher than or equal to $15.2 billion. In a filing with the US Securities and Exchange Commission on November 28, ...

image
Business Standard
177 22