Flipkart's first angel investor lands nearly $20m payoff with Walmart deal

Back in 1998, Ashish Gupta and his business partners sold their start-up—price comparison site Junglee—to Amazon for $240 million. Exactly two decades later, Gupta stands to make roughly $20 million from a deal involving two bitter Amazon rivals—Walmart’s $16 billion buyout of Flipkart. Gupta was the first angel investor in Flipkart, investing Rs10 lakh in it in 2009.