Tag: tiger global

NEW DELHI: Walmart has spent $3.5 billion this year to increase its stake in Indian business Flipkart to 80.5%, underlining the aggressive bets the United States-based retailer is making in the country, which it counts as one of its key markets.In July, some of Flipkart's early investors including Tiger Global, Accel and co-founder Binny Bansal fully exited the company by selling their stakes to Walmart. While Tiger Global held about 4.1%, Accel and Binny Bansal held about 1.1% and 1.8% stake in Flipkart at the time of the...