SoftBank Group may invest $700 mn in Flipkart after exiting firm in 2018

Masayoshi Son-led Group Corp is in talks with to invest $700 million in the e-commerce giant, according to the reports by The Economic Times and Mint. Japan’s is looking to invest in Flipkart, three years after it sold its entire stake in the company to Inc, the world’s largest retailer.

It has been reported that the financing is part of a larger $2 billion round. Sovereign wealth funds such as Abu Dhabi’s ADQ and Canada Pension Plan Investment Board (CPPIB) are expected to participate in this round. Existing investors such as GIC and Qatar Investment Authority may also invest. The transaction is likely to value the Bengaluru-based firm at $25-30 billion.

Last July, led a $1.2-billion round in Flipkart, valuing the e-commerce firm at $24.9 billion. The Bentonville-based company (in Arkansas) is locked in a battle with US rival Jeff Bezos-led and…

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