时间:2025-07-11 11:19:12 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
Major earthquake and multiple aftershocks rock central Italy2025-07-11 11:17
12強賽前4輪國足共9人未出場 3日熱身賽後將離隊數人2025-07-11 11:08
足協杯上海德比兩隊知根知底 申花太懂得如何限製奧斯卡2025-07-11 11:00
曾誠談重回國足 :順其自然 為國效力引以為豪的榮譽2025-07-11 10:03
This company is hiring someone just to drink all day2025-07-11 09:59
英媒 :努諾可能會立即下課 熱刺今天將討論其未來2025-07-11 09:22
米蘭陣容分析:青春風暴成主力 老將仍是定海神針2025-07-11 09:10
12強賽前4輪國足共9人未出場 3日熱身賽後將離隊數人2025-07-11 08:55
Visualizing July's astounding global temperature records2025-07-11 08:53
下一秒要吃人?哈蘭德曬萬聖節造型 恐怖氛圍拉滿了2025-07-11 08:42
New Zealand designer's photo series celebrates the elegance of aging2025-07-11 10:46
反轉 !索帥轉危為安孔蒂遭曼聯放棄 熱刺考慮邀他2025-07-11 10:00
大連足球名宿 :靠金元足球奪個冠軍就能當足協主席2025-07-11 09:18
陝西足球名宿尚青因病離世 終年54歲2025-07-11 09:05
Early Apple2025-07-11 08:58
國足國內熱身模擬12強賽環境 至少5名國腳將回歸俱樂部2025-07-11 08:58
梅西 :希望再次贏得歐冠 未來願回巴薩當技術顧問2025-07-11 08:53
西媒 :拉莫斯正處於保護期 巴黎執意解約將被嚴懲2025-07-11 08:45
Researchers create temporary tattoos you can use to control your devices2025-07-11 08:39
女足新帥難產為何?選帥成營銷戰 足協未執行競聘標準2025-07-11 08:34