Flipkart's hedge fund boss is looking for US$1.5b
But getting the money will mean accepting a lower valuation, perhaps around US$10 billion
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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.
Last summer, with Flipkart Online Services Pvt losing ground to Amazon.com Inc, Tiger sent in former EBay executive Kalyan Krishnamurthy to help turn around India's most valuable internet startup. The two co-founders stood aside as Mr Krishnamurthy took control of its biggest sale season, fired senior managers and set tough traffic and sales targets.
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