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What Does Having SoftBank As An Investor Mean For Flipkart And Ecommerce In India
Earlier this week, SoftBank founder, Masayoshi Son, had stated that the Tokyo-headquartered conglomerate is currently engaged with homegrown ecommerce firm Flipkart. Within a week, SoftBank demonstrated its seriousness towards the engagement by investing in Flipkart from its Vision Fund. He had also given an indication to continue working on its plans to invest in ecommerce firm Flipkart. Sudhir Sethi, Founder, IDG Ventures India stated, That's a separate story that write-downs have also been a part of SoftBank investing experience in India.
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