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Flipkart Valuation Slashed By Morgan Stanley; New Valuation Stands at $5.5 Bn.

Fab Newz Wednesday, 30 November 2016 ()
Indian e-commerce major, already locked in a battle with Amazon to tap into the burgeoning Indian online market, has received a glancing blow, with international investor Morgan Stanley cutting the value of the shares in a mutual fund that it manages, thus valuing the company at $5.5 billion. This is the fourth time this year …

The post Flipkart Valuation Slashed By Morgan Stanley; New Valuation Stands at $5.5 Bn. appeared first on Fab Newz:Latest News Headlines-India, World, Tech, Sports, Politics, Business, Auto and More.
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