Coronavirus cases in Maharashtra: 1460Mumbai: 876Pune: 181Kalyan-Dombivali: 32Navi Mumbai: 31Thane: 29Islampur Sangli: 26Ahmednagar: 25Pimpri Chinchwad: 19Nagpur: 19Aurangabad: 17Vasai-Virar: 11Buldhana: 11Akola: 9Latur: 8Other State Citizens: 8Satara: 6Panvel: 6Pune Gramin: 6Kolhapur: 5Malegaon: 5Yavatmal: 4Ratnagiri: 4Amaravati: 4Usmanabad: 4Mira Road-Bhaynder: 4Palghar: 3Jalgoan: 2Nashik: 2Ulhasnagar: 1Gondia: 1Washim: 1Hingoli: 1Jalna: 1Beed: 1Total Deaths: 97Total Discharged: 125BMC Helpline Number:1916State Helpline Number:022-22694725

SoftBank invests $2.5 billion in Flipkart


SoftBank invests $2.5 billion in Flipkart
SHARE

Bangalore-based e-commerce giants, Flipkart, have announced that Softbank has invested in the company through its $ 100 billion technology-focused Vision Fund. The investment was a mix of primary and secondary capital.

According to reports, the investment is worth $ 2.5 billion which will make this investment one of the biggest in the Indian internet market.

This is a monumental deal for Flipkart and India. SoftBank's proven track record of partnering with transformative technology leaders has earned it the reputation of being a visionary investor. We're excited to welcome the Vision Fund as a long-term partner as we continue to build our business with a focus on serving the needs of all Indians, and driving the next phase of technology adoption in India," Binny Bansal and Sachin Bansal, Co-Founders of Flipkart.

SoftBank recently invested $1.4 billion in Paytm.

RELATED TOPICS
Related News