Flipkart Valuation drops a Massive 40% as High Profile Exits Loom
India's most well-known startup unicorn Flipkart's Valuation was further cut by Morgan Stanley by a sharp 38% . The valuation of the company was marked down to $5.58 Billion putting pressure on the company to raise further funds to compete with Global giant Amazon and other e-commerce players in the country including Paytm, Shopclues and snap deal.