Tiger Global sinks teeth into Flipkart, Snapdeal merger
Wednesday, March 29, 2017, 1:52 PM
US-based hedge fund Tiger Global is in talks with SoftBank to sell part of its stake in Flipkart in exchange for a merger of struggling rival Snapdeal with Flipkart. Tiger Global, the single largest investor in Flipkart, could divest third of its shares in exchange for $1 billion from SoftBank. Tiger Global would thus recoup most of the money it had invested in Flipkart.