Who Got What In The Walmart-Flipkart Massive Deal?
1 min read
Sachin Bansal sold his stake of just 5.5% for a whopping figure of $1 billion when Walmart acquired Flipkart! Walmart’s acquisition of Flipkart had generated one of the largest pools of wealth for employees in India’s corporate history!
However, the journey hasn’t been as glorifying as it looks like.
A few years ago, Flipkart was melting down. Flipkart’s valuation was slipped manifold!
•2015: $15.2 billion
•2016: $5.54 billion
But the Walmart deal valued the company at nearly $21 billion!!
A windfall for every #shareholder, including even a peon who had an ESOP at Flipkart. Binny’s partial sale of #stake brought him $104 million. Today, his 4.24% stake in the company is valued at $881 million!! Tiger Global, which invested $1 billion, exited with a whopping 3x return at $3.3 billion.
This was one of the largest investment #returns in India’s private equity and venture capital history. Another major investor, Softbank fetched $4.4 billion after investing $2.5 billion. A 1.5x return in just 9 months! There were many investors and employees who filled in their pockets with this massive deal.
Which other deal do you think generated such returns, recently?
