By Salman S.H
The home services startup’s operating revenue grew four times to Rs45 crore in 2017-18 from Rs11 crore in 2016-17
Amazon is also learnt to have offered Flipkart a breakup fee of $2 billion.
Key shareholders Tiger Global and SoftBank are unlikely to sell any shares in this exercise.
Amazon’s rapid pace of investments in India over the past year have been triggered by a bruising market-share battle against Flipkart.
Go-Jek backed its Series A too.
Amazon has indicated to Flipkart’s board that its offer will be at least 10% higher than that of Walmart.
Flipkart is close to selling itself to Walmart Inc. at a valuation of $20-21 billion, a fraction of that $100 billion dream number.
Kinnevik, which holds an 18% stake in Quikr, said the fair value of its holding was marked at $159.29 million for the year ended December 2017.
Jugnoo and other ride-hailing companies are looking to fill the gap left by Uber, which analysts say may help ease regulatory concerns about the sale to Grab.
In China, Walmart initially bought an unprofitable, second-tier online marketplace, then exchanged it five years later for a stake in JD.com, the number-two player behind market leader Alibaba Group.