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SoftBank Vision Fund To Invest $ 1.5 to $ 2 Billion in Flipkart

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The Japan based firm SoftBank is looking to directly invest in India’s ecommerce giant Flipkart Online Services Pvt., Ltd. Post the collapse of the acquisition deal between two homegrown ecommerce companies, Flipkart and Snapdeal, it was rumored SoftBank might invest in Flipkart despite holding a majority stake in Snapdeal. 

According to sources aware of the discussion, SoftBank is reportedly in talks with Flipkart to invest $ 1.5 to $ 2 billion through the SoftBank Vision Fund. SoftBank, in 2014 committed to invest $10 billion in India. They have made investments in startups such as Snapdeal and cab aggregator Ola. In May this year, they also invested a whopping $1.4 billion in Paytm, the digital payments platform.

A news daily reported a SoftBank spokesperson saying, “SoftBank Vision Fund independently evaluates each investment on its own merit.” Flipkart hasn’t commented on the issue so far. Some sources also reported this SoftBank Vision Fund investment was not dependent on the Flipkart and Snapdeal acquisition deal.

The SoftBank Vision Fund, which was founded by Chairman of SoftBank Masayoshi Son, is operated as a separate entity. Mubadala Investment Company of the United Arab Emirates, Apple Inc., Foxconn Technology Group, Qualcomm Incorporated and Sharp Corporation along with Public Investment Fund of the Kingdom of Saudi Arabia have invested in this Fund.

Flipkart, headquartered in Bengaluru has been gearing up to compete against the global ecommerce giant Amazon. This additional funding will only add to the arsenal of the Indian startup. In April this year, after EBay Inc., Tencent Holdings Ltd., and Microsoft Corp., together invested $1.4 billion, Flipkart was valued at $11.6 billion.

Amazon has also been trying to strengthen its position in the Indian ecommerce ecosystem. They recently received the government’s approval to invest $ 500 million in the Indian food and processing industry. They have also launched Amazon Pantry that competes with BigBasket and Groffers.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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