Tiger Global said to reap $3b windfall from Flipkart investment

Photo: Bloomberg

Tiger Global Management is purring all the way to the bank after Walmart Inc.’s Flipkart deal.

The firm has made about $3 billion after investing $1 billion in Flipkart Group, according to a person familiar with the matter, who asked not to be named. Walmart will acquire a majority stake in India’s biggest online retailer, the companies said Wednesday.

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