Flipkart sale: As Walmart battles Amazon, who really owns the Indian e-retailer?
Flipkart sale: With Walmart looking at controlling stake in Flipkart, all eyes have turned on Tiger Global, Softbank and Naspers. Why? Find out!
Some sources are saying that Softbank may sell a substantial stake in Flipkart, while Tiger Global or Naspers may make a complete exit.
Softbank currently owns 23.6 per cent in Flipkart, Tiger Global owns 20.5 per cent and Naspers has 14.57 per cent stake.
Walmart is believed to be investing in Flipkart through primary and secondary purchase of shares.
A major chunk of Flipkart secondary sale is believed to have come in from SoftBank and Tiger Global.
Tiger Global has pumped in close to $2 billion into Flipkart over the last seven years. It is the second largest shareholder in Flipkart.
Speculation is rife, Softbank is looking for partial exit even as it was earlier opposed to selling Flipkart to Walmart.