In July 2023, Tiger Global sold its remaining stake to Walmart with a reported profit of $3.5 billion
Among this, Co-founder Binny Bansal and Accel, the earliest investor of Flipkart, also sold their remaining stake to Walmart.
Another co-founder, Sachin Bansal sold its entire stake with a return of about $1 billion at the time of the Flipkart's acquisition in 2018.
In 2018, Walmart paid about $16 billion to acquire 77% stake, valuing the company at $21 billion.
{{ primary_category.name }}