Flipkart Group has announced an investment - a mix of primary and secondary capital - from SoftBank Vision Fund, the world’s largest technology-focused investment fund.
Softbank has invested $2.5Bn in this round.
This is the biggest ever private investment in an Indian technology company, and will make the Vision Fund one of the largest shareholders in Flipkart.
The investment is part of the previously announced financing round, where Flipkart had raised capital
from three of the world’s premier technology companies - Tencent, eBay and Microsoft.
After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet.
The Flipkart Group includes well-known brands such as Myntra, Jabong, PhonePe, Ekart and eBay.in.