With Walmart hands going deeper into the local ecommerce unicorn, Flipkart has reportedly buyback shares from a set of existing investors for $350 Mn, to reclaim its status of a private company - Flipkart Pte Limited.\u00a0The documents are filed recently with Singapore\u2019s Accounting and Corporate Regulatory Authority (ACRA).\r\n\r\nThe move is said to be in line with Flipkart\u2019s efforts to ease of the acquisition deal with Walmart.\r\n\r\nEarlier this week, Inc42 reported that Flipkart has set aside $400 Mn\u00a0to buyback shares of minority investors. Flipkart is registered as a public company with nearly 145 entities as shareholders and it is, therefore,\u00a0trying to narrow it down to 50, which is the maximum limit for a private limited company in India as well as Singapore.\r\nWho Stays, Who Leaves!\r\nAs per a paper.vc report, the existing shareholders include Shekhar Kirani of Accel, Deep Nishar and a large number of pension funds. However, Tiger Global, Accel, Microsoft, Naspers and Ebay remain on the cap table of Flipkart.\r\n\r\nFurther, IDG Ventures has exited holdings of two of its funds including its domestic fund (Pandara Trust Scheme) but remains a shareholder via one of its overseas fund entities.\r\n\r\nFlipkart has purchased 1,895,574 redeemable preference shares and 174,319 non-redeemable preference shares. The transaction was completed on April 27, 2018.\r\n\r\n\u201cThis buy-back and the subsequent conversion to private company status appear to be part of a series of steps aimed at easing a proposed acquisition by Walmart. It also places Flipkart\u2019s valuation at approximately $ 17.69 Bn,\u201d adds the media report.\r\nTiger Global, Accel: So Far The Biggest Beneficiaries Of The Flipkart Deals\r\nTiger Global and Accel Partners, both being the early stage investors, have so far reaped in their investment well into the ecommerce unicorn.\r\n\r\nEarlier in April 2017, when Flipkart gained $2.5 Bn funding from SoftBank,\u00a0the biggest exit was orchestrated by Tiger Global, which made a partial exit selling shares worth over\u00a0$424 Mn\u00a0in Flipkart to the Japanese conglomerate.\r\n\r\nNext comes the Accel Partners, which has already clocked $113.5 Mn through partial exits from Flipkart. First,\u00a0 in 2014 when it sold $80 Mn worth Flipkart shares to undisclosed buyers and Second,\u00a0in December 2015 when Accel Partners sold stakes worth $100 Mn to Qatar Investment Authority.\r\n\r\nApart from these two, IDG and Helion have further gained good returns on their investment in Flipkart. In April 2015, an ET report quoted, "Investment firms Helion Venture Partners and IDG Ventures India have sold stakes in Flipkart in deads that value India\u2019s largest online retailer at $12.5 Bn (INR 77,000 Cr)."\r\n\r\nWhile these were the old ones, now its time for the new investors like SoftBank as well as\u00a0Microsoft, Tencent and eBay (the trio invested $1.4 Bn in April 2017), which came on board last year. If the Flipkart-Walmart acquistion deal goes through, Softbank is expected to gain around 60% profits on its year-old investment. However, with Softbank Chief Masayoshi Son more keen on getting his hands on the US ecommerce giant Amazon, what road this deal will take, only time could tell.