SoftBank Vision Fund invests in Flipkart
August 11th, 2017
Flipkart Group (Flipkart), India’s leading e-commerce marketplace, has announced an investment – a mix of primary and secondary capital – from SoftBank Vision Fund (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 amount is about $2 billion. The deal will provide a partial exit to Tiger Global, the New York-based investment firm, which until now was the largest and most influential investor in Flipkart.