Flipkart, Amazon's main competition in India sees it early investors exit. Binny Bansal, Accel and Tiger Global exit from the Indian E-commerce marketplace app. They have now sold their stake to the major shareholder in the company that is Walmart. Accel is said to have made an investment gain of around $1.5-2bn while Tiger global is expected to have made a return of $3.5bn. This deal now values the company at $35bn. This has created one of the most successful exits in the Indian startup ecosystem.
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