In addition to providing $62.5m, Softbank is providing Gilt Groupe Japan, which started in March 2009 and has more than 600,000 members, with cash, services and intangible property to establish a joint venture between the two companies in return for a 50% stake.

Japan-based telecommunications, internet and media conglomerate Softbank has invested $62.5m as part of the $138m round for Gilt Groupe, a US-based online retailer of consumer goods.

In addition, Softbank is providing Gilt Groupe Japan, which started in March 2009 and has more than 600,000 members, with cash, services and intangible property to establish a joint venture between the two companies in return for a 50% stake.

Masayoshi Son, executive chairman of Softbank, said: "I am very excited to see…