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Tiger Global, Accel Likely To Exit From Ecommerce Giant Flipkart: Report

According to media reports, Tiger Global holds about 4 per cent of the company whereas Accel owns a little over 1 per cent of Flipkart

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Tiger Global, Accel Likely To Exit From Ecommerce Giant Flipkart: Report

Private equity firms Accel and Tiger Global are in talks to sell their remaining stake in ecommerce giant Flipkart, according to media reports. 

Two early backers of Indian ecommerce firm Flipkart are likely to sell their remaining stake in the company to parent Walmart for about USD 1.5 billion, a media agency reported. 

The stake, which collectively amounts to about 5 per cent, would raise Walmart's ownership in the e-commerce giant. 

According to media reports, Tiger Global holds about 4 per cent of the company whereas Accel owns a little over 1 per cent of Flipkart.


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