Early investors in India’s ecommerce make big gains

PE investors like Kalaari Capital, Accel Partners, who remained invested in e-commerce platforms such as Snapdeal, Flipkart, are already raking in profits. The buzz is that Bangalore-based venture fund Kalaari may execute a secondary sale of shares worth 100 million dollars (over Rs 610 crores) in Delhi-based Snapdeal. Early investors in Flipkart, like Accel Partners, has part-sold their shares in a 150 million dollars (about Rs 910 crores) round.