Accel to sell part of its Flipkart stake to SoftBank: Report
Flipkart's earliest backer Accel which holds under 10% stake in the e-commerce major may reportedly sell part of its stake to SoftBank. Accel had led the Series A funding round in Flipkart with $1 million in 2009. Last week, SoftBank invested $2.5 billion in Flipkart for a 20% stake and a seat on Flipkart's board. 