Flipkart's cash reserves hit $4 bn after SoftBank investment
E-commerce major Flipkart on Thursday announced its cash reserves have increased to more than $4 billion following a record investment from SoftBank Vision Fund. SoftBank, which invested a reported amount of $2.5 billion in Flipkart, is now one of the startup's largest investors. The investment is an extension to Flipkart's $1.4 billion funding round from April.