SoftBank Corp, Japanese telecommunications and
Internet corporation has become the largest investor in the Indian e-commerce
segment by investing $90 million in Housing.com.
With this, SoftBank’s overall investment in Indian
e-commerce stands at about $1 billion. In October, the company had invested
$627 million in Snapdeal.com, while about $210 million was deployed into ANI
Technologies’ taxi-booking service Ola Cabs. It is believed SoftBank owns 30
per cent stake each in Snapdeal.com and Housing.com.
In November, Bharti SoftBank, a joint venture
between Bharti Enterprises and SoftBank Corp, acquired 36.5 per cent stake in
ScoopWhoop, an India-focused media start-up, for an undisclosed amount.
Recently, the Japanese company said it aimed to
invest about $10 billion in India through the next few years.
SoftBank’s $20-million investment in Chinese
e-commerce group Alibaba in 2000 is now worth $86 billion, following the
Chinese company floating an initial public offering in the US.
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