时间：2025-12-14 11:31:09 来源：网络整理编辑：知識
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
17 questions you can answer if you're a good communicator2025-12-14 11:00
Elon Musk is about to reveal SpaceX's big plan for settling Mars: Watch it live2025-12-14 10:49
Silicon Valley VCs raise millions for an Aussie drone mapping startup2025-12-14 10:35
Sia endorses Hillary Clinton using a lyric from one of her most popular songs2025-12-14 10:19
Hiddleswift finally followed each other on Instagram after 3 excruciating days2025-12-14 10:12
The Steelers' Antonio Brown got flagged again, this time for pelvic thrusting2025-12-14 10:09
Silicon Valley VCs raise millions for an Aussie drone mapping startup2025-12-14 09:20
India issues notice to Amazon, others for selling imported refurbished phones2025-12-14 09:14
Researchers create temporary tattoos you can use to control your devices2025-12-14 09:12
9 men jailed after stripping down to undies featuring Malaysia's flag2025-12-14 08:48
This German startup wants to be your bank (without being a bank)2025-12-14 11:03
Chanel debuts futuristic helmets in Paris fashion week2025-12-14 11:01
How to watch ELeague's 'Overwatch' Open this week2025-12-14 10:30
7 questions to ask before switching cell phone carriers2025-12-14 10:27
There's a big piece of fake chicken stuck to this phone case2025-12-14 10:20
This Kanye West photo makes the most uplifting lock screen2025-12-14 10:09
'Harry Potter' fans, rejoice: You can now discover your true Patronus2025-12-14 10:00
Break us off a piece of Chance the Rapper singing the Kit Kat jingle2025-12-14 09:56
We asked linguists if Donald Trump speaks like that on purpose2025-12-14 09:31
'Dota 2' takes to the high seas with a tournament on a cruise ship2025-12-14 09:22
