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SoftBank in talks to invest $2 bn in Flipkart after Snapdeal rejects buyout

SoftBank has already invested in Indian online grocer Grofers and cab hailing firm Ola

Reuters  |  Mumbai/Bengaluru 

SoftBank Group is still in talks to invest in India's Flipkart - despite the collapse of discussions to fold a smaller rival into India's largest e-commerce site - but it would do so through its Vision Fund, according to sources familiar with the matter. SoftBank, already invested in Indian online grocer Grofers and cab hailing firm Ola, tried for months to engineer a share swap transaction between Snapdeal and Flipkart, India's two main homegrown e-commerce companies. That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in ...

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First Published: Tue, August 01 2017. 13:32 IST
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