SoftBank may get $4 bn from $2.5 bn investment in Flipkart
Japanese conglomerate SoftBank will sell a substantial part of its 20% stake in India's home-grown e-commerce startup Flipkart to US-based retail giant Walmart for $4 billion, according to reports. SoftBank had invested $2.5 billion in the Indian e-commerce startup in August 2017. Earlier reports said that Walmart is looking to buy a controlling stake in Flipkart for $10-12 billion.