After A Stormy 2016, Softbank Has Smartly But Cautiously Picked Up The Pieces In India

After lurching from one disaster to another in 2016, Japan’s Softbank is hitting all the right notes this year.

SoftBank’s $2.5 B Gives Flipkart More Ammo

Flipkart, the country’s largest e-commerce marketplace, has received an investment of $2.5 billion from SoftBank Vision Fund, giving it the much-required arsenal to continue in pole position for the next 18-24 months, as it fends off competition from global behemoth Amazon.

SoftBank Puts Its Eggs In Flipkart’s Shopping Basket

SoftBank’s new $93 bn Vision Fund is putting $2.5 bn into online retailer Flipkart, in the biggest private investment to date in India’s technology sector.

Why Flipkart Needs More Than SoftBank To Take On Amazon

Online retailer Flipkart Online Services Pvt. is said to be close to a merger with smaller rival Snapdeal as it looks to fend off Amazon.com Inc. Yet, that may not be enough in a battle with the deep-pocketed American giant that has caught up with the homegrown rival.

Impact Of Flipkart’s Devaluation On Indian Startups: Insights By Greyhound Research On CNBC TV18

Father didn’t tell him to, but Kavin Mittal took a Hike

Hike Messenger’s new office at the Aerocity in Delhi was designed by Kavin Mittal, its 27-year-old CEO. That is in keeping with Mittal’s career choices; he chooses to build his own things. He could have joined any of the several businesses of Bharti Enterprises, which his father Sunil controls. But Kavin Mittal chose to build a new one, though he kept it under Bharti’s equal-stakes venture with Japan’s telecom and Internet giant SoftBank.