Flipkart’s valuation slashed again by Morgan Stanley, now stands at a mere $5.54 Bn

At this point of time, it seems to me that Morgan Stanley holds a personal grudge with Flipkart. I’m saying this because a fund managed by the investment firm has yet again reduced its stakes in the homegrown e-commerce behemoth. This is the fourth consecutive mark down by the company over the period of last one year.

Talking about specifics, this valuation markdown can be considered a significant blow for the internet giant which was once considered the poster boy for Indian unicorns. The...

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