Post its acquisition of 77% stake in homegrown e-tailer Flipkart for $16 billion, Walmart may bring in new investors on board. Recently, Walmart increased its share in Flipkart to 81.3%.
According to the data revealed by Paper.vc, the other stakeholders in Flipkart are Tencent (5.37%), Tiger Global (4.77%), Binny Bansal (4.2%), Microsoft (1.53%), Accel (1.38%), Iconiq Capital (0.98%), Temasek (0.29%) and UBS (0.19%).
If compared with the equity stake these investors had in Flipkart earlier, we will find that all these investors have sold their stakes to Walmart either partly or in full. Now with majority stake in Flipkart, Walmart aims to bring in new investors to the board.
Moreover, Flipkart is in talks to raise more capital by selling its equity stake to investors such as Google, Microsoft and Intel. With new players on board, the company looks to beef up its growth in Indian ecommerce sector.