Bengaluru: No investor has more to lose from the potential implosion of Indian e-commerce company Flipkart than its biggest backer, New York’s Tiger Global Management. In a rare interview at Flipkart’s headquarters in suburban Bengaluru, Krishnamurthy, a boyish 45, sipped water and projected steely resolve. “We are in touch with several investors,” Krishnamurthy said, declining to comment on specific figures. One Morgan Stanley fund cut its estimated price for Flipkart shares by more than 60%, implying a valuation of less than $6 billion. He first arrived at Flipkart in early 2013 as interim chief financial officer to support Flipkart’s two co-founders, Binny Bansal and Sachin Bansal (no relation).

Source: Mint March 08, 2017 04:06 UTC