SoftBank invests $2.5b in Flipkart, its biggest bet in India

Binny Bansal (left) and Sachin Bansal are the two co-founders of India’s top homegrown ecommerce startup. Photo credit: Flipkart.

SoftBank has just announced its biggest investment in India: a whopping US$2.5 billion in Indian ecommerce company Flipkart. With this latest funding round, Flipkart boasts of over US$4 billion in cash on its balance sheet and SoftBank has become its largest shareholder.

This is the biggest ever private investment in an Indian technology company. “This is a...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

Binny Bansal [+]    Sachin Bansal [+]    India [+]    Flipkart [+]    SoftBank [+]   

More #news: