News From Press Two of Flipkart's mutual fund investors have marked down the value of their holdings

Two of Flipkart's mutual fund investors have marked down the value of their holdings

Source: Economic Times Nov 9, 2016

A fresh round of markdowns of Flipkart stock by two American mutual funds has reduced the estimated worth of India's most valuable startup at a time the Bengaluru-based ecommerce company is seeking a fresh round of funding.

The two mutual funds — Valic and Fidelity — announced markdowns in the value of their holdings in the Indian online retailer in regulatory filings made by the two funds in October.
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