Diabytes
Flipkart valuation News
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Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company.
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India's largest e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal.
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A mutual fund managed by Morgan Stanley has marked down the value of its holding in Flipkart for the fifth straight quarter, valuing the e-commerce major at USD 5.37 billion.
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