Walmart buys the last piece of Flipkart from Tiger Global for $1.4 billion.

Walmart allegedly paid $1.4 billion to buy the leftover shares in the e-commerce giant from the venture capital firm Tiger Global.

The Wall Street Journal says that Walmart has paid the money to increase Flipkart's share.

The Indian e-commerce company is worth about $35 billion, according to a story that came out late Sunday. Walmart bought Tiger Global's final stake in the Indian e-commerce giant Flipkart to strengthen its power over the company.

Reports said that Tiger Global made a total gain of $3.5 billion on an investment of $1.2 billion. During a funding round in 2021, Flipkart was worth $37.6 billion at the time.

As of the last report, Walmart had a 72% stake in Flipkart. The e-commerce giant was owned by Tiger Global to the tune of 4%.

After splitting from the financial company PhonePe, Flipkart started giving its workers a "one-time discretionary" cash payment of $700 million last month.

In an email to workers, Kalyan Krishnamurthy, the CEO of Flipkart Group, said, "We have exciting times ahead, and as we continue to grow across businesses, I look forward to your continued dedication and determination to bring about the future we imagine and reach new heights together."

In 2016, the PhonePe Group was bought out by the Flipkart Group.

Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip are all part of the Flipkart Group, which is one of India's top digital trade companies. Since it began in 2007, Flipkart has helped millions of buyers, sellers, traders, and small businesses join India's digital commerce movement. It has more than 400 million active customers and offers more than 150 million goods in more than 80 categories.