SoftBank Vision makes Big investment in Flipkart

Posted on:11 Aug 2017 13:55:42
SoftBank Vision makes Big investment in Flipkart
11 August 2017 Current Affairs: Softbank fund invests one of its largest shareholders Flipkart Group (Flipkart) India’s leading e-commerce marketplace announced an investment a mix of primary and secondary capital from SoftBank Vision Fund (Vision Fund), the world’s largest technology focused investment fund.

This is the biggest ever private investment in an Indian technology company and will make the Vision Fund one of the largest shareholders in Flipkart.

The investment was partly used to buy shares of an existing investor Tiger Global and additional capital in the company.

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