The US retail giant Walmart pays $1.4 billion to buy Tiger Global’s stake; Co-founder Bansal and Accel also exit fully
Walmart
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ADQ
Abu Dhabi’s ADQ in talks to invest $500m in Indian e-commerce firm
Injection of funds would value Walmart-backed Flipkart at as much as $40bn
Amazon
Amazon underlines its big ambitions for India with mega-office
Amazon has earmarked $5bn in investment for India, where one in three people use the internet – a figure forecast to swell by 300m by 2020 mainly due to growing smartphone use
E-commerce
Indian investors back fintech with $2bn investment
E-commerce sector topped the list in terms of investor funding in India
bankruptcy law
India set for $100bn-plus M&A deals in 2018
Combination of a new bankruptcy law, a race for dominance in the e-commerce industry and a record war chest at Asia-focused private equity funds has created what some are calling an unprecedented opportunity for deal-making
Flipkart
India’s logged a record $98bn in deals this year
Top banker JPMorgan Chase & Co. is predicting more offshore interest in India, particularly in technology, media and telecom