Flipkart secures around $2.5bn in SoftBank investment

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fintech insurtech wealthtech regtech ai cybertech esg news

India-based e-commerce marketplace Flipkart has reportedly raised around $2.5bn in an investment from SoftBank Vision Fund.

The capital brings cash on its balance sheet to $4bn, as it looks to keep its lead on the market, after Amazon India received $5bn from its parent company, according to various reports in the media.

Founded in 2007, Flipkart is an online shopping platform which offers over 80 million products across more than 80 categories. The company has around 100 million registered users and 100,000 sellers, according to the company website.

Following this latest investment, it brings total capital raised by the company to around $8bn, with the company picking up $1.4bn earlier this year from Tencent, eBay and Microsoft.

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