【】

Japanese telecom and investment giant Softbank just made sure Flipkart has plenty of cash to fight off Amazon's aggressive push into India.
The firm poured $2.5 billion into the e-commerce giant in what the company claims is the biggest ever private funding deal for a tech company based in India.
SEE ALSO:Amazon may not always have the best prices, but that doesn't stop people from shopping there anywayThe move comes after Microsoft, Ebay, and Chinese tech giant Tencent all lined up behind Flipkart with a then-record-breaking $1.4-billion investment of their own earlier this year. Between the two infusions, Flipkart now has a war chest of around $4 billion.
"Very few economies globally attract such overwhelming interest from top-tier investors," Flipkart co-founders Binny and Sachin Bansal said in a joint statement. "It is recognition of India’s unparalleled potential to become a leader in technology and e-commerce on a massive scale."
Tweet may have been deleted
It may need every penny of that arsenal. Amazon CEO Jeff Bezos has decided India is the company's top prospective market abroad and pledged more than $5 billion to expansion efforts there.
Tweet may have been deleted
Softbank, a prolific tech investor thanks to its massive $100 billion Vision Fund, previously backed Flipkart rival Snapdeal and tried to broker a merger between the two companies before talks ultimately fell through last month.
“India is a land of vast opportunity," SoftBank CEO Masayoshi Son said in a statement. "We want to support innovative companies that are clear winners in India."
Softbank's investment fund, which is now one of Flipkart's biggest shareholders, is also backed by the government of Saudi Arabia, Apple, Qualcomm, and manufacturing heavyweight Foxconn, among others.
Flipkart also recently took over Ebay's operations in India as part of the investment deal.
Meanwhile, Amazon has been making moves of its own. It successfully introduced is discount extravaganza Prime Day in the country last month and recently won approval from the Indian government to start selling groceries.
Featured Video For You
Amazon's new fashion store will let you try on almost anything for free
TopicsAmazon
相关文章
Metallica to seek and destroy your eardrums with new album this fall
Metallica was never going to keep quiet forever.。 The band has announced its new album, Hardwired&he2025-09-18- 橙光亮相廣州螢火蟲漫展 粉絲齊聚打call2018-07-25 17:01:11 來源 :大眾娛樂網 責任編輯 : 蕭鑫2025-09-18
- 跟著家樂氏一起看《涼生》 ,穀蘭諾拉新角色演繹“雙生” 寵溺2018-09-30 13:59:36 來源 :大眾娛樂網 責任編輯 : 蕭鑫2025-09-18
- 千軍之戰,逐夢山河 ,2018 CEST海選賽戰火開啟!2018-10-11 13:41:36 來源:大眾娛樂網 責任編輯 : 蕭鑫2025-09-18
Pokémon Go is so big that it has its own VR porn parody now
Behind every great entertainment property there's a cheekily named porn parody. Super Hornio Bros. G2025-09-18- 周傑倫變瘦李易峰變胖 李易峰高情商回複圈粉無數2018-08-26 18:52:30 來源 :大眾娛樂網 責任編輯: 蕭鑫2025-09-18
最新评论