Home » 2017 » August » 10

Daily Archives: August 10, 2017

SoftBank acquires stake in Flipkart

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

Flipkart

MW-EM642_softba_20160512234913_ZH

 

Details from

http://www.moneycontrol.com/news/business/companies/softbanks-vision-fund-invests-in-flipkart-becomes-largest-shareholder-in-the-firm-2356199.html

http://timesofindia.indiatimes.com/business/india-business/softbanks-vision-fund-acquires-stake-in-flipkart/articleshow/60002319.cms