MUMBAI: India's Flipkart has secured nearly US$2.5bil (RM10.7bil) in funding from Japan's SoftBank Group, giving the online retailer more firepower to compete with Amazon in the country's burgeoning e-commerce market.
SoftBank's Vision Fund, the world's largest private equity fund, will invest close to US$2.5bil (RM10.7bil) in Flipkart via primary and secondary share purchases, two sources familiar with the matter told Reuters.
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