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Accel Partners and Tiger Global, two of the early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to its parent Walmart Inc, the Economic Times... | January 25, 2023
Accel owns a little over 1% of Flipkart, while Tiger Global holds about 4% of the company, the report said.
Two early backers of Indian e-commerce giant Flipkart, Accel and Tiger Global, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.
New Delhi [India], January 23 (ANI/NewsVoir): Globevestor founder recently announced the launch of a new global micro-VC firm called Momentum Capital. With a presence in Canada, India & the US, Momentum Capital focuses on seed-stage Indian startups and leverages its strong international network to help them grow globally. Ankur, who co-founded Globevestor in 2013, has invested in over 40 startups including Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox and many more success stories. His past investments are spread across several industries, including SaaS, climate, ...
"We're investing $2 million in 20 companies - if we just find one unicorn it almost returns the fund, which I think is a really unique opportunity for us as fund managers," said Masha Bucher, co-founder at Day One Ventures. "Looking at the last economic cycle, companies like Stripe, Airbnb, Dropbox have been created in crisis." HOT: GAMING AND AI Also in November, multi-stage fund Index Ventures, which has bankrolled Facebook, Etsy and Skype, launched its second Origins fund, which will invest $300 million in early-stage startups.