Flipkart raises $2.5 billion from SoftBank's Vision Fund


MediaNama reports:
Shortly after merger talks with Snapdeal collapsed, Flipkart has raised investment from SoftBank's $100 billion Vision Fund. The Economic Times pegs the deal at $2.5-2.6 billion investment which will make the Vision Fund one of the biggest shareholders in the company. The investment is a mix of primary and secondary capital and the ET reports that it will give a partial exit to Flipkart's biggest backer Tiger Global. The company added that the investment was part of the previous financing round, where Flipkart had raised capital from Tencent, eBay and Microsoft.
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