Flipkart now valued at $11.5 billion by Valic #MarkedUp

After consecutive markdowns by investors, mutual fund investor Valic Co has marked up the value of its shares in Flipkart by 10%, taking the company’s valuation to $11.5 billion.

The value of each share has been marked to $108.04 in May-end quarter, as compared to $98.19 in the previous one.