Private Equity

Liquidity Events

Tiger, Accel exit Flipkart: report

Economic Times  

Global investor Tiger Global has sold the residual 4% stake it held in Flipkart to Walmart, realizing USD 3.5 billion in total gains from the nearly USD 1.2 billion investments in the ecommerce company since 2009. Walmart took over Flipkart in 2018 in a USD 16 billion deal. Flipkart's first investor Accel India has also sold its balance 1% to Walmart. Accel realized USD 1 billion on its total investment of USD 100 million in Flipkart during the initial Walmart acquisition. The US retail giant's stake in Flipkart will rise to about 77%, from 72%, with these latest deals.