Tiger Global Exit Flipkart: Walmart has bought out Tiger Global’s remaining stake in Flipkart for $1.4 billion, further expanding its control of the Indian e-commerce giant.
The deal, which was announced on Wednesday, values Flipkart at $35 billion. Tiger Global, one of the earliest investors in Flipkart, had been gradually selling its stake in the company in recent years.
The sale is a sign of Walmart’s continued commitment to Flipkart, which it acquired for $16 billion in 2018. Walmart has said that it plans to invest heavily in Flipkart in order to make it the leading e-commerce player in India.
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Tiger Global exit from Flipkart is a major milestone for the Indian startup ecosystem. The hedge fund was one of the most active investors in Indian startups in the early 2010s, and its investment in Flipkart helped to put the company on the map.
The sale of Tiger Global’s stake in Flipkart is also a reminder of the challenges facing Indian startups. The Indian e-commerce market is highly competitive, and companies are facing increasing pressure from Amazon and other global players.
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Despite the challenges, Walmart is confident that Flipkart has the potential to be a major player in the global e-commerce market. The company said that it plans to invest in Flipkart’s logistics infrastructure, product offerings, and marketing capabilities.
The sale of Tiger Global’s stake in Flipkart is a significant development in the Indian e-commerce market. It will be interesting to see how Walmart’s investment in Flipkart helps the company to compete with Amazon and other global players.
