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

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

flipkart-new-office-13

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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