In an interesting turn of events, Japan’s richest man Masayoshi Son’s company Softbank is in talks to capture around a 20% stake (estimated around $1 to $1.5 billion) in both Flipkart and Paytm, as reported by Economic Times.
The move is interesting because in 2011, Flipkart wanted to rope in Softbank as an investor, which would have cost Son a few hundred million, rather than billions, for a similar stake. However, things didn’t turn work out and Flipkart raised a funding round, led by South African media giant Naspers, in 2012 that valued it Read full story ›
Source: The Drum
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