SoftBank to take driving seat in Indian online shake-up

softbank

Latest News – After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups.

According to sources with direct knowledge of the matter, the solar-to-tech conglomerate is seeking to secure a piece of India’s industry leaders in everything from payment systems to online shopping and groceries, in a series of deals that would shake up the $65 billion sector.

Among the most high-profile plans is SoftBank’s push to engineer a merger between (Read More)

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