The fund has invested an amount reported to be at least $2.5bn in e-commerce marketplace Flipkart as part of a round already sized at $1.4bn.
Vision Fund, the $93m investment fund formed by telecommunications firm SoftBank, has invested an amount reported by LiveMint to be “at least” $2.5bn in India-based e-commerce company Flipkart.
Flipkart confirmed the investment in a statement without giving the figure, which was revealed to LiveMint by three sources, who added that the transaction involves the purchase of primary and secondary shares.
An earlier report suggested hedge fund manager Tiger Global Management was set to sell shares to SoftBank as part…
