Flipkart raises fresh capital from Softbank – The Hindu

FlipKart, an Indian ecommerce company, comes out of this transaction with $4B in cash.

Flipkart, India’s leading e-commerce marketplace on Thursday announced an investment — a mix of primary and secondary capital — from SoftBank 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 company said in a statement.

Source: Flipkart raises fresh capital from Softbank – The Hindu

About Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he’s published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.

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