Magazine : 
5 Internet Firms Witnessing Markdown of Valuation
Flipkart:
Flipkart is an e-commerce marketplace offering over 30 million products. Earlier, Flipkart’s valuation was estimated to be $15.2 billion and after the markdown it came down to $9.4 billion. The reduction of price dramatically occurred at the same time when Flipkart signed a deal with investors on raising funds. Fidelity decreased the price by 42 percent making it $8.8 billion.
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