According to a report by the Wall Street Journal on Sunday, Walmart has acquired a stake in Flipkart, one of India's most popular e-commerce companies. The acquisition involved Walmart paying $1.4 billion to buy out the investment made by hedge fund Tiger Global in the e-commerce firm. Following the transaction, Flipkart's value increased by approximately $35 billion, reaching nearly $38 billion. Private equity firms Accel and Tiger Global, who were early backers of Flipkart, intended to sell their remaining stake in the company to Walmart. According to a report by Reuters, Tiger Global held about 4% of the company. One of the major investors in the Indian startup Flipkart was Tiger Global. In 2009, they invested $8.6 million during Flipkart's Series B round when it was valued at $42 million. Over the years, Tiger Global continued to invest, contributing $1.2 billion from 2010 to 2015. These investments were made using funds from their venture Private Investment Partners, funds five through nine, along with their hedge fund and long-only vehicle.
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