Masayoshi Son, founder and chairman of Japanese investment giant SoftBank, claimed that the company’s two largest investments in India — Flipkart and Paytm — enjoy majority market share in their respective spaces, and were ahead of their local and global rivals.
During the announcement of SoftBank’s quarterly results, Son made a case for the company’s $100-billion Vision Fund, from which the two Indian firms received a combined $3.9 billion this year. “Flipkart, India’s number one e-tailer has 60 per cent share in the domestic e-commerce ...
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