PE Firm Accel And Tiger Global Intends To Exit From Flipkart


According to media reports, private equity firms Accel and Tiger Global are in talks to sell their remaining stake in ecommerce behemoth Flipkart.

According to a media report, two early backers of Indian ecommerce firm Flipkart are likely to sell their remaining stake in the company to parent Walmart for around $1.5 billion. The stake, which totals about 5 per cent, would increase Walmart’s ownership of the e-commerce giant.

According to media reports, Tiger Global owns approximately 4 per cent of the company, while Accel owns slightly more than 1 per cent of Flipkart.

Categories: Other News

Leave a Reply Cancel reply