IDG Ventures has reduced its stake in the e-commerce company while venture firm Helion Venture Partners has exited completely.
IDG Ventures India, a venture capital firm affiliated with media and technology company International Data Group, has reduced its stake in India-based e-commerce company Flipkart, according to DealCurry.
IDG became a shareholder in May 2014 as part of Flipkart’s $300m acquisition of online fashion portal Myntra, in which it was an investor. The sale of IDG’s shares is estimated to have been worth Rs 9.4bn ($151m) leaving it with a 0.9% stake in Flipkart.
Venture capital firm Helion Venture Partners…
