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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




Details from