te Flipkart sale: As Walmart battles Amazon, who really owns the Indian e-retailer? | Zee Business

Flipkart sale: As Walmart battles Amazon, who really owns the Indian e-retailer?

Apr 24, 2018, 02:28 PM IST
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Flipkart sale: With Walmart looking at controlling stake in Flipkart, all eyes have turned on Tiger Global, Softbank and Naspers. Why? Find out!

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Some sources are saying that Softbank may sell a substantial stake in Flipkart, while Tiger Global or Naspers may make a complete exit.

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Softbank currently owns 23.6 per cent in Flipkart, Tiger Global owns 20.5 per cent and Naspers has 14.57 per cent stake.

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Walmart is believed to be investing in Flipkart through primary and secondary purchase of shares. 

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A major chunk of Flipkart secondary sale is believed to have come in from SoftBank and Tiger Global. 

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Tiger Global has pumped in close to $2 billion into Flipkart over the last seven years. It is the second largest shareholder in Flipkart.

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Speculation is rife, Softbank is looking for partial exit even as it was earlier opposed to selling Flipkart to Walmart. 

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