Walmart Buys $1.4 Billion Tiger Global's Remaining Flipkart Stake
Walmart paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce company
Flipkart supercharged the Indian startup community with Tiger Global's investment
Tiger Global's investment in Flipkart company
REUTERS/Danish Siddiqui/Illustration//File Photo
After this transaction, the value of Flipkart increased from around $35 billion to $38 billion.
Walmart's entry in Flipkart
Walmart First struck a $16 billion deal for a 77% stake in Flipkart in 2018.
Flipkart is the first Indian startup in which Tiger Global invested over $1 billion.
Flipkart shares earlier, overall earn a profit of $3.5 billion on an investment of $1.2 billion