Accel, Tiger Global mulling to exit e-commerce firm Flipkart: Report

Accel owns a little over 1 per cent of Flipkart, while Tiger Global holds about 4 per cent of the company

Flipkart
Premium

Photo: Bloomberg

BS Web Team New Delhi
Private equity firms Accel and Tiger Global are in talks to sell their remaining stake in ecommerce company Flipkart to its parent Walmart Inc for about $1.5 billion, The Economic Times reported on Thursday. These two were among the two early backers of the company.

Accel owns a little over 1 per cent of Flipkart, while Tiger Global holds about 4 per cent of the company. The stake would raise Walmart's ownership in the e-commerce giant, ET reported, citing people familiar with the matter.

"They (Accel and Tiger) want to sell and exit now fully. The discussions are moving ahead and the transaction will

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 26 2023 | 10:57 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com