It’s Amazon versus Alibaba versus Softbank in world’s fastest-growing e-commerce market
Thursday, April 20, 2017
Recently published a piece headlined ‘India’s e-commerce battle is not Indian anymore’ that highlighted the battle between Amazon and China’s Alibaba Group in the world’s fastest-growing e-commerce market.
But there’s probably a third player in the game too. And that is Japanese telecom and investment giant Softbank which is suddenly the buzzword in India’s e-commerce world.
After trying to broker a merger between India’s homegrown online marketplaces, Flipkart and Snapdeal (where Softbank holds a 30 percent share), it is now looking to invest in the country’s biggest mobile wallet firm, Paytm.
Reports suggest that Softbank might put in about $1.5 billion for a 20 percent stake in Paytm thereby valuing the unicorn at over $8 billion.
Source: Mashable (link opens in a new window)