Tiger Fund increases equity stake at Flipkart
The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on 9 May 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
The $514-billion Walmart acquired majority stake (77 per cent) in the city-based Flipkart on 9 May 2018 for a whopping $16 billion (Rs 107,662 crore) at $67.3 per share.
The latest sell-off, however, is not Binny Bansal's first monetisation of his equity holding in 12-year-old Flipkart.
From selling books online to striking a jaw-dropping $16 billion deal with the world's largest retailer Walmart, all within 11 years, Flipkart has given India its big startup success story.
