Flipkart valuation drops over Rs 41K cr; why company says it is not a fall

Flipkart's valuation declined by USD 5 billion, attributed to PhonePe's separation, despite Walmart's increased ownership. PhonePe's independent valuation surged to $12 billion, reflecting Flipkart's potential worth of USD 38-40 billion.

from Times of India https://ift.tt/nlr7wSv