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SoftBank's Vision Fund invests $2.5 billion in Flipkart: sources

Reuters  |  MUMBAI 

By Sankalp PhartiyalMUMBAI (Reuters) - A tech fund backed by Japan's SoftBank has invested close to $2.5 billion in leading Indian online marketplace Flipkart through primary and secondary share purchases, two sources familiar with the matter said on Thursday.The investment by the SoftBank Vision Fund gives India's largest homegrown e-commerce player additional firepower to compete with U.S. e-commerce giant which has said it will invest $5 billion in India. Together with the $1.4 billion Flipkart raised earlier this year from China's Tencent, online marketplace eBay and software ...

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First Published: Thu, August 10 2017. 17:36 IST