SoftBank to invest in Flipkart


SoftBank to invest in Flipkart: According to reports, SoftBank Group Corp. is in talks with Flipkart to invest $700 million. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round. The transaction is expected to value Flipkart at $28 billion, one of the people said, adding that the deal is expected to close in 3-4 months.

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