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From $15.5 billion to $5.5 billion: It’s the year of devaluations but Flipkart’s not losing sleep

India’s most valued internet company has been devalued—yet again. In one of the most drastic markdowns for Flipkart so far, one of its investors, a mutual fund managed by Morgan Stanley, slashed the Bengaluru-based e-commerce major’s value to just $5.54 billion (Rs38,030 crore). At its peak in May 2015, Flipkart was valued at $15.5 billion.

Published by: Quartz
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Tags: News, India, Flipkart

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