Walmart Acquires Tiger Global’s Flipkart Shares for $1.4bn

  • Walmart paid $1.4 billion for Tiger Global’s remaining Flipkart stake to expand its ownership in the Indian e-commerce startup.
  • The transaction, which recently transpired, values Bengaluru-headquartered Flipkart at $35 billion.
  • Flipkart, facing the need for further funding after depleting its 2021 capital, may rely on Walmart for financial backing.
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