时间：2025-07-11 09:19:22 来源：网络整理编辑：百科
Japanese telecom and investment giant Softbank just made sure Flipkart has plenty of cash to fight o
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.
TopicsAmazon
Teacher absolutely nails it with new homework policy2025-07-11 08:57
BSOD is back, baby!2025-07-11 08:38
Meta's VRChat clone, Horizon Worlds, launches for all adult users on Quest 22025-07-11 08:26
What to do if your iPhone gets wet2025-07-11 08:11
Olympian celebrates by ordering an intimidating amount of McDonald's2025-07-11 08:05
'The Dawn of Everything' is a history book for the 99 percent ... of history2025-07-11 08:00
BSOD is back, baby!2025-07-11 07:52
Guillermo del Toro's 'Nightmare Alley' is derailed by Bradley Cooper2025-07-11 07:47
There's a big piece of fake chicken stuck to this phone case2025-07-11 07:09
'Malfunction' review: We're still failing Janet Jackson2025-07-11 06:35
Did our grandparents have the best beauty advice?2025-07-11 09:13
What to do if your iPhone gets wet2025-07-11 09:03
The "we used to be a proper country" meme went viral on Twitter this week2025-07-11 09:03
Adobe announces Creative Cloud Express: Graphic design for everyone2025-07-11 08:37
Man stumbles upon his phone background in real life2025-07-11 08:32
Shadows of removed Reddit posts hide in plain sight2025-07-11 07:59
How to avoid sex toy injuries2025-07-11 07:18
'Malfunction' review: We're still failing Janet Jackson2025-07-11 07:13
Early Apple2025-07-11 07:13
There's a life2025-07-11 06:39
