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Softbank’s investment in the Indian internet and e-commerce market hits $8 billion

April 13, 2018

According to data by research and data analytics firm, Tracxn, the SoftBank Group, including the SoftBank Vision Fund, has invested more than $8 billion in the Indian e-commerce and internet market during the last five years, thus making it the biggest investor in the ecosystem so far followed by American private equity fund, Tiger Global LLC and South African Naspers whose investment stands at $3.63 billion and $2.9 billion, respectively.

Softbank has funded almost all the big players in the country including a $2.5-billion investment in Flipkart in 2017, which was touted as the largest investment by a single investor in any online company in the Indian market so far. It also led a $1.5-billion in Alibaba-backed Paytm, the largest player in the fintech/payments space at present. Some of SoftBank’s early-stage investments were in companies such as Snapdeal, InMobi, Housing.com and Oyo.

In December 2014, Masayoshi Son, founder of Japanese internet giant SoftBank Group said that his group would invest $10 billion in the Indian market by 2024. However, within five years, since Son made that remark, SoftBank has already achieved the $8 billion mark and is likely to surpass the committed amount much before the targeted year.

 
 

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