facebook-page-view
Advertisement

Can SoftBank’s backing help Flipkart defeat Amazon?

By TEAM VCC

  • 10 Aug 2017

Online retailer Flipkart has raised as much as $2.4 billion from Japanese telecom and Internet conglomerate SoftBank Group Corp. This investment will help Flipkart defend its leadership position in the Indian e-commerce market. But for how long will Flipkart be able to keep Amazon at bay? Is this funding the first step in a potential grand alliance among SoftBank, Flipkart, Paytm and China’s Alibaba, given that the Japanese investor also has investments in the other two? Watch the video to know more.

Like this video? Sign up for our daily newsletter to get our top reports & videos.

Advertisement

Share article on

Advertisement
Advertisement