Dentons Rodyk has acted as Singapore counsel to Flipkart Private Limited (“Flipkart”), in the US$16 billion acquisition leading to Walmart Inc (“Walmart”) becoming Flipkart’s largest shareholder. The transaction which closed on 18 August 2018 has resulted in Walmart holding a stake of approximately 77% of Flipkart, while the remaining shareholders include Flipkart co-founder Mr. Binny Bansal and existing shareholders such as Tencent, Tiger Global and Microsoft.

Flipkart is India’s leading marketplace e-commerce platform and Dentons Rodyk is proud to have supported Flipkart from its early beginnings, including having previously acted on its investment funding rounds. 

The Dentons Rodyk team advising Flipkart was led by Partner Ray Chiang along with Deputy Managing Partner Gerald Singham, and Senior Associate Nicole Teo.