Return of Masayoshi: SoftBank in talks to invest $700 Mn in Flipkart
Shortpedia
Content Team
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After exiting Flipkart in 2018, Japanese conglomerate SoftBank Group Corp. is in talks with Flipkart to invest $700 Mn in the e-commerce marketplace again, according to reports. SoftBank exited Flipkart after selling its entire stake of 23.6% to US-based Walmart Inc. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 Bn funding round, two people aware of the development said on condition of anonymity.
