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SoftBank buys Flipkart stake for $2.5 billion

Fri, Aug 11 2017, 07:20 PM

SoftBank Vision Fund has bought stake worth a reported $2.6 billion in India’s homegrown e-commerce firm Flipkart, of which about $1.4 billion will go to the company and the remaining will be used to buy shares from existing investors. At these numbers, the capital raised by Flipkart in the last five years will near $6 billion.