Walmart’s purchase of new equity is likely to value Flipkart at least $18 billion. Some of Flipkart’s main investors —Tiger Global Management, Naspers and Accel — are likely to take a full exit as Walmart purchases their shares. Flipkart founders Sachin and Binny Bansal are also likely to part sell their stake as part of the deal. SoftBank and Tiger Global own little more than 20% each of Flipkart, Naspers holds nearly 13% stake, Accel 6.4%, while the Bansals own just over 5% each of the company.