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Thursday, 10 August 2017

SoftBank Vision Fund Invests in Flipkart to Become One of its Largest Shareholders


Flipkart Group (Flipkart), India’s leading e-commerce marketplace, has 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 amount is about $2 billion.

Important Takeaways from Above News-
  • CEO of Flipkart is Kalyan Krishnamurthy.
Source- The Economic Times


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