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

[{"selector":"#anim-4a34ea90-44bd-44ce-ada6-44019708877a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47ef7b95-b825-441d-853d-b60e6902b818","keyframes":{"transform":["translate3d(-110.41096%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2d51e9a-6da6-42c4-be84-f07b8708e211","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7aa71797-610f-4ad8-acc7-d8553b03eaa4","keyframes":{"transform":["translate3d(97.86325%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-19c99468-27a9-44ca-8cbc-89afa2ea16a1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-309720fe-28fa-4e46-93a7-0f0679faf247","keyframes":{"transform":["translate3d(84.86056%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Flipkart supercharged the Indian startup community with Tiger Global's investment

[{"selector":"#anim-a69c6d3f-6e30-4e88-93c9-3f1e8999c165","keyframes":[{"offset":0,"transform":"translate3d(0, -154.44166%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -43.428994792000005%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -14.764622696000002%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -5.544455594%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -2.409289896%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}]

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

[{"selector":"#anim-bc2784b5-67a1-4376-a144-ba59bc71b7e1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-643efaee-f1a7-4037-a26f-e576b6e981f4","keyframes":{"transform":["translate3d(0px, -128.32784%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8cf6e87d-1f2a-4a51-8e1e-6c213baaf7da","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-69e31d26-1cf3-46f2-89e0-3021cee8cad3","keyframes":{"transform":["translate3d(0px, 273.20251%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2e523dd-c3cf-4ea6-b963-6c7c36228450","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-130ade13-178f-476a-9b35-693ad4f9511c","keyframes":{"transform":["translate3d(0px, 173.69174%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Walmart First struck a $16 billion deal for a 77% stake in Flipkart in 2018.

[{"selector":"#anim-ca3fa4c9-981c-4272-92fe-31728c0265a1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image: aspeninstitute.org

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

[{"selector":"#anim-f4236b3c-e04d-44d3-946b-c68da2861a5d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6319195-a1b3-48a3-b4d0-5b4e4db7d2dc","keyframes":{"transform":["translate3d(0px, 116.37428%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Image: Flipkart