Accel Partners Sells $100mn Worth Of Flipkart’s Stake To Qatar Investment Authority

Accel Partners has sold a fractional amount of its stake to Qatar Investment Authority for $100 million. However, the transaction has not been confirmed by Flipkart or Accel Partners. Qatar Investment Authority invested in Flipkart in December 2014 when Flipkart raised $700 million.

Flipkart’s second largest stakeholder, Accel Partners has sold a fractional amount of its stake to Qatar Investment Authority for $100 million.

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However, the transaction has not been confirmed by Flipkart or Accel Partners.

Qatar Investment Authority was one of the five early investors in Flipkart in December 2014 when Flipkart raised $700 million at a valuation of $11 billion. Today, the e-commerce player is valued at $15 billion.

[source]

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