As with many major venture capital investments, the recent acquisition of a stake in Flipkart by Tiger Global Management LLC grabbed headlines and was widely discussed. In fact, the $2.5 billion deal was the biggest bet a mutual fund had made in the Indian e-commerce sector to date. However, such large-scale investments can often overshadow… Continue reading Deal Dive: Most secondary sales in venture won’t look like Tiger’s Flipkart deal
Category: flipkart
Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Walmart, the global retail giant, recently purchased Tiger Global’s remaining stake in Flipkart for an impressive sum of $1.4 billion. Flipkart is India’s biggest online player, having gained ground in the world’s second most populous nation over the past decade. Tiger Global is an American venture capital firm which invested in Flipkart back in 2009.… Continue reading Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Flipkart and PhonePe complete separation
The news of Flipkart and PhonePe completing their separation process was met with mixed reactions from the Indian consumer market, with some welcoming the decision and others expressing concern. Flipkart is an Indian e-commerce giant that got its start in 2007 when it began selling books online. Over the years, they have expanded to become… Continue reading Flipkart and PhonePe complete separation