Flipkart Must now focus on delivering products to small towns, rural areas.
SoftBank’s Vision Fund acquires stake in Flipkart
- “After this financing round, Flipkart Said, it will have in excess of $4 billion of cash on balance sheet”.
- It also means that the upcoming Diwali will see a lot of discounts from both Amazon and Flipkart.
- The deal also signifies that in future – A consortium of Alibaba-Softbank-Flipkart-eBay-Paytm could join hands to put up a joint fight against Amazon in India