Japanese conglomerate SoftBank may invest $2 billion in India's largest ecommerce player Flipkart through its $100 billion Vision Fund in the wake of rival Snapdeal calling off the proposed merger with the etailer. The funding will give Flipkart more ammunition in its fight for market share with deep-pocketed US-based juggernaut Amazon. "SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between USD $1.5-$2 billion," ...
08-02-2017, 08:52 AM
Despite Snapdeal merger failure, SoftBank may invest $2 bn in Flipkart
Japanese conglomerate SoftBank may invest $2 billion in India's largest ecommerce player Flipkart through its $100 billion Vision Fund in the wake of rival Snapdeal calling off the proposed merger with the etailer. The funding will give Flipkart more ammunition in its fight for market share with deep-pocketed US-based juggernaut Amazon. "SoftBank, through SoftBank Vision Fund, is in discussions with Flipkart to invest between USD $1.5-$2 billion," ...
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