Flipkart has also witnessed a series of markdowns from other mutual fund investors like T Rowe Price, Fidelity and Valic over the past year. "(Markdowns are) a theoretical exercise by small investors. From our perspective, valuation is when we raise money. From our perspective, valuation is when we raise money. The company could settle for a valuation of $10-12 billion, sources had told ET at the time.

Source: Economic Times February 28, 2017 07:20 UTC