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SoftBank turns largest investor in Indian e-Commerce

The Japanese giant recently said that it intends to invest about $10 bn in India over the next few years

Japanese technology major SoftBank has become the largest investor in the Indian e-commerce segment. With its latest investment of $90 million in Housing.com, SoftBank’s overall investment in Indian e-commerce stands at about $1 billion. In October, the company had invested $627 million in Snapdeal.com, while about $210 million was deployed into ANI Technologies’ taxi-booking service Ola Cabs. In November, Bharti SoftBank, a joint venture between Bharti Enterprises and SoftBank Corp, acquired 36.5 per cent stake in ScoopWhoop, an India-focused media start-up, for an ...