flipkart: Walmart spent $3.5 billion to buy Flipkart shares

flipkart: Walmart spent $3.5 billion to buy Flipkart shares from Tiger Global, Accel, Binny Bansal, others: Filing

Tiger Global and Accel Partners held about 5% collectively in the Bengaluru-based etailer. Tiger registered a $3.5-billion in profits on its Flipkart investment, as per a communication sent by the New York-based fund to its limited partners (sponsors in funds) on June 28. The retailer also bought the residual stake of Flipkart cofounder Binny Bansal along with other minority shareholders.

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