Draft e-commerce policy unites SoftBank, Sequoia Capital, Tiger Global

In 2017, almost $21 billion worth of PE investments made its way into e-commerce companies and start-ups

Global investors such as SoftBank Group, Sequoia Capital and Tiger Global are planning to build a common front to take on the draft e-commerce policy, which they believe is tilted towards Indian founders of the firms they have invested in.
 
Battle lines are being drawn as foreign investors scuttle to secure their investments worth of over $75 billion they have over the last decade or so.
 
According to sources, SoftBank Group has written to NITI Aayog, commerce ministry as well as officials of the finance ministry asking them to keep in mind the interest of investors and other