A monumental deal for @Flipkart & India! The investment from Vision Fund is a great endorsement of our work! https://t.co/Ya8naNiQh4 — Sachin Bansal (@_sachinbansal) 1502353376000E-commerce major Flipkart on Thursday announced an investment by SoftBank Vision Fund , the world's largest technology-focused fund, in its business to become one of its largest shareholder.SoftBank Vision Fund is a tech fund backed by Japan's SoftBank Group Without disclosing the amount invested, the Bengaluru based company said, "This is the biggest ever private investment in an Indian technology company." However, Reuters quoting sources said Vision Fund has invested close to $2.5 billion in Flipkart via primary, secondary capital. "After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet", it said.

Source: Times of India August 10, 2017 09:43 UTC