May 8, 2017    1 minute read

SoftBank Plans Indian Drive

   May 8, 2017    1 minute read

SoftBank Plans Indian Drive

SoftBank is reportedly planning to secure stakes in leaders across India’s online sector and play kingpin in major e-commerce shake-ups.

Editor’s Remarks: Rumours have been swirling for some time for one of its most significant plans, a push to get Snapdeal – the third biggest Indian e-commerce giant into which it has ploughed over $1bn – merged with market leader Flipkart, but the latest is that the deal could be finalised by next week. It is also apparently nearing a $1bn injection into digital payments leader Paytm, and has other plans for businesses including online shopping and groceries. Given the size of India’s $65bn e-commerce sector, the rewards for the Japanese conglomerate are potentially huge.

What to Watch: SoftBank, Snapdeal, Flipkart, Paytm, Grofers, BigBasket, Amazon

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