Softbank Group Sews up an investment in India
Softbank Group sewed up an investment in India’s largest online retailer, days after its attempt to sell its portfolio company Snapdeal to rival e-commerce Company Flipkart collapsed in a spectacular fashion. After this, Softbank announced a $2.5 billion investment in Flipkart from its $100-billion, tech focused VisionFund, the largest single bet in Indian startup ecosystem till date.
Softbank participates in Flipkart’s Strategic plans
SoftBank is now expected to play a far more involved role in Flipkart’s affairs than it has in any of its other portfolio companies in India. While SoftBank is not expected to delve hands deep operationally, It is expected to participate actively in outlining Flipkart’s strategic plans going forward.
Alibaba group and Tencent working closely with portfolio companies
Web based business behemoth Alibaba Group and Tencent are vital financial specialists of Chinese root that have set up shop in the nation, and are working intimately with their portfolio organizations, Paytm and Hike, individually.
However compared to Softbank, Alibaba and Tenchant already have a deeper engagement with their portfolio companies when compared with Softbank.
Stakes of Alibaba, and Tenchant, in various companies
Alibaba Group is the lion’s share partner in Paytm E-trade, having put $177 million in March. Paytm E-business, which runs Paytm Mall, is relied upon to be the launch pad for the Hangzhou, China-headquartered online business monster in India, with its administrators working intimately with the Paytm group to grow its offerings and further form its coordination’s and inventory network framework.
Hike introduces advanced wallet
Hike, which checks blockbuster visit application WeChat proprietor Tencent as one of its significant partners, as of late propelled an advanced wallet that enables clients to exchange cash, energize their telephones and send computerized money vouchers known as ‘Blue Packets’, practically identical to WeChat’s Red Packets.
Fosun International sets up shop in India
Shanghai-headquartered Fosun International, which has about $69 billion on its balance sheet, formally set up shop in India last year. Fosun counts MakeMyTrip, India’s largest online travel operator, e-commerce-focused logistics company Delhivery, and online travel search engine Ixigo among its portfolio companies in the country.
However, dissimilar to its partners Alibaba and Tencent, Fosun is focusing on ventures crosswise over stages, with a specific concentrate on coming in ahead of schedule. In any case, it is likewise open to influencing general society market and development to arrange bargains.