Flipkart sees some bad days while the company is seeing a mark down in share value by up to 27%, a lot of manufacturers are choosing to go with other Online e-commerce players which offer not only better customer support but have better business practices.

A mutual fund managed by Morgan Stanley has recently marked down the value of Flipkart’s shares by 27%, indicating that global investors believe India’s largest internet company is overvalued.

Flipkart, who had in a press release, mentioned that the value of the company is at $15.2 billion right now. A 27% fall in Flipkart’s share price would imply Flipkart’s valuation now is around $11 billion [...]