Flipkart, which raised US$1.4bil (RM6bil) in April from China's Tencent, online marketplace eBay and software giant Microsoft, will now have more than US$4bil (RM17.1bil) of cash, the Bengaluru-based company said in a statement on Thursday.
Early on, the hedge fund that had been invested by the Tiger Global in the Flipkart, it is been expected that they have received a partial exit following this investment. With razor-sharp execution, we must continue to transform commerce in India through technology and India-specific innovations.
Softbank has made the investment through Vision Fund, its venture fund investing in technology companies.
"After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet". "Harish HV, partner, Grant Thorton, believes the infusion is a vote of confidence for the Indian e-commerce industry".
"SoftBank's proven track record of partnering with transformative technology leaders has earned it the reputation of being a visionary investor".
Imran advises Nawaz Sharif to concede his defeat Sharif plans to spend at least two nights in as many cities along the Grand Trunk Road while leading the rally from Islamabad . Qadri has vowed to get justice for eight supporters killed during anti-government rallies in 2014.
With this investment, Flipkart has now raised approximately $8 billion via 14 rounds.
Flipkart co-founders Binny Bansal and Sachin Bansal called the new funding from Soft Bank as a monumental deal for the company and India while saying that very few economies in the world attract such massive invest from top-tier investors. In January 2017, it was reported that SoftBank Capital, will facilitate its investments in India via its $100 Bn tech focussed fund, Vision Fund. SoftBank has an India portfolio spanning e-commerce, ride sharing, digital payments, hospitality, clean energy and telecommunications, which is valued at over $6 billion.
Flipkart, which started by selling books on the Internet in 2007, was struggling to raise money until previous year, hobbled by a tough private funding environment and shrinking valuations.
While they seemingly had the flawless marriage, Anna also candidly revealed it wasn't ideal and she struggled to address issues. One rumored reason that the famed thespians called it quits is that they wanted different things out of their family lives.
If confirmed , Myles' death in a hot vehicle would be the fifth for a Florida child this year and the 32nd nationwide, Mina said. While the family is still awaiting the official autopsy results, police say Myles' death was caused by heat exposure.
McCain "traveled close to Mischief Reef in the Spratly Islands, among a string of islets, reefs and shoals", Reuters reported. China reiterated that the USA provocation will force PLA to take further measures to strengthen homeland defense capacity.
The meteor shower, which looks like a fireball show, will be clearer and more handsome if viewed from dark places. Astronomers are projecting a slightly higher than normal rate of 150 meteors per hour across North America.
Heightened tension is also tied to a US investigation into links between members of Trump's campaign team and Russian officials. Tillerson said Russian meddling in the election had "created serious mistrust between our two countries".
The man ran on from the back off the stage, but was swiftly tackled to the ground by security and back-up dancers. Spears appeared visibly shaken and said, "He has a gun?" and that is when she was quickly rushed off the stage.
Lottery officials are citing strong sales for the reason Friday's Mega Millions jackpot has jumped to $393 million. The Powerball runs every Wednesday and Saturday before The Channel 2 Action News Nightbeat at 11.
A "What's making People Laugh" category will list shows that people have used the " haha " reaction to describe . The social Apps are getting much better with each passing day by inventing new useful features for its users .
France has been under a state of emergency since the November 2015 attacks in the French capital which left 130 people dead. He told news channel BFMTV that the auto "accelerated very fast when [the soldiers] were coming out" of the barracks.
Good news, and bad, about this week's meteor shower
Perseids occurs normally every year in August with a flare rate of about 80-100 per hour at 60km per second speed. The best way to see it would be to watch the sky from a wide, open space - away from trees and tall buildings.
ASEAN, China adopt CoC framework
Addressing Foreign ministers from the Association of Southeast Asian Nations, Minister of State for External Affairs V.K. They issued it late on Sunday evening (local time) after meeting with Beijing's top diplomat in Manila during the day.