Flipkart in trouble, 2 investors mark down stake by 20%
Two of Flipkart's mutual fund investors have further marked down the value of their holdings in the company by 20%. This comes at a time when Flipkart is on the back foot in its ongoing fundraising negotiations with investors.
Fidelity Rutland Square Trust II, a mutual fund managed by Fidelity
Valic and Fidelity had picked up shares in Flipkart as a part of its series D round of
Image credit: Indiatimes