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The transaction took place at an enterprise valuation of around $35 billion

New Delhi: US retail giant Walmart has acquired the entire stake of Tiger Global for USD 1.4 billion at an enterprise valuation of $35 billion, sources aware of the development said.

The e-commerce firm Flipkart was valued at $37.6 billion during the last funding round in 2021.

“Walmart has acquired a stake of Tiger Global for about $1.4 billion. The transaction took place at an enterprise valuation of around 35 billion,” a source, who did not wish to be identified, said.

When contacted Walmart spokesperson confirmed that the retail giant has acquired additional shares of Flipkart from Tiger Global without sharing the financial details of the deal.

“We value Tiger Global’s involvement and support over the last several years. We remain confident in the future of Flipkart and are even more positive about the opportunity in India today than when we first invested.

“We continue to be impressed with Flipkart’s progress and remain focused on building a healthy, sustainable and profitable business for the long term, ensuring Flipkart continues to grow in an emerging and dynamic market,” the spokesperson said.

Tiger Global was one of the initial investors in Flipkart in 2009. The firm initially invested USD 9 million in Flipkart in 2009 and gradually became one of the biggest shareholders in the firm, with a cumulative investment of USD 1.2 billion by 2017.

Even after selling a significant stake to Walmart in 2018, Tiger Global re-invested in Flipkart in 2021 to enhance its stake.

Source: https://www.indiaretailing.com/2023/07/31/walmart-acquires-tiger-globals-stake-in-flipkart-for-1-4-billion/

Many know Mahisha Dellinger, founder and CEO of CURLS, for dominating in the hair care industry. What they might not know is how she has been able to maintain her staying power for 20 years when most businesses fail within the first two. Dellinger doesn’t solely attribute her success to hard work as a leading businesswoman. She will tell you that building a millionaire’s mindset is key. Dellinger also often shares, “To whom much is given, much is required.” Her willingness to give back in the form of mentorship, sage advice, and business coaching are what make her wealthy – in addition to being a loving wife and mother.

Since launching in 2002, CURLS’ mission has been to provide natural hair care solutions for its customers. Over the years, Dellinger and her team have continued to align themselves with that mission resulting in CURLS products being sold at Target, Walmart, CVS, Amazon, and other major beauty retailers. So, how has Dellinger been able to make millions after starting her business with $30,000 in personal savings two decades ago and stay on the shelves?

She has a concrete business plan, continues to learn, and makes strategic business decisions.

There’s No Way Around Creating A Business Plan

When many entrepreneurs and business owners can become millionaires overnight selling products or services in the e-commerce space or on social media, it is essential not to skip the foundational step of creating a business plan.

When forming a business plan, Dellinger says,” Entrepreneurs should focus on ‘The Four P’s of Marketing: Product, Price, Placement, and Promotions. You also need to know your competition and exactly who you’re going against in the market. That has to be part of your marketing plan, as well.”

Source : https://www.forbes.com/sites/lydiatblanco/2022/03/04/making-millions-in-business-requires-the-right-mindset/?sh=3064909fc4db

Tag: Walmart

Walmart acquires Tiger Global’s stake in Flipkart for $1.4 billion

Making Millions In Business Requires The Right Mindset

There’s No Way Around Creating A Business Plan