SoftBank to back Flipkart
- SoftBank in talks to invest $700 million in Flipkart, valuing the e-commerce firm at $28 billion
- The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round
MUMBAI : SoftBank Group Corp. is in talks with Flipkart to invest $700 million in the internet retailer, three years after it sold its entire stake in the company to Walmart Inc., two people aware of the development said.
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