【】

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
Fyvush Finkel, Emmy winner for 'Picket Fences,' dies at 93
NEW YORK (AP) — Actor Fyvush Finkel, the plastic-faced Emmy Award-winning character actor whos2025-09-18世界羽聯巡回賽超級1000賽事馬來西亞公開賽今日開賽 泉州國手黃東萍衝擊混雙冠軍
世界羽聯巡回賽超級1000賽事馬來西亞公開賽今日開賽 泉州國手黃東萍衝擊混雙冠軍_羽毛球 ( 晉江,組合 )www.ty42.com 日期:2023-01-12 00:00:00| 評論(已有3592025-09-18- 除開藥品的治療效果之外,藥品的選購方式也是病人十分關心的問題。必利勁是一種常見的並且治療效果理想化的男科病藥品,那麼 ,必利勁在藥房能購到嗎?點擊圖片進入下一頁 (1/2)必利勁做為一種應用普遍的男科病2025-09-18
- Today, OpenAI announced GPT-4o, an AI assistant that can process text, audio, and vision simultaneou2025-09-18
Cat gets stuck in the most awkward position ever
Anyone with a cat can tell you that although their cat's claws are impressive scratching and hunting2025-09-18- 賽季第四次“戴帽” ,哈蘭德繼續衝擊英超進球紀錄_足球 - 世界杯,歐洲杯,天下體育 ,足球 ,世界杯 ,籃球,羽球,乒乓球 ,球類, 棒球 ( 蘭德,進球 )www.ty42.com 日期:2023-012025-09-18
最新评论