Japanese telecom giant SoftBank will invest USD 627 million (about Rs 3,762 crore) in the online marketplace company Snapdeal. This is the largest investment made by a single investor in an e-commerce company in India which is the world's second most populous market. The investments come a day after SoftBank announced its plans to invest a whopping 10 billion US dollars in India in coming years, making the country its top most priority. Mr Masayoshi Son, had also met with Prime Minister Narendra Modi in New Delhi and believed to discuss various investment plans in India.
News On AIR | October 28, 2014 7:38 PM
Japanese telecom giant SoftBank to invest $627 million in Snapdeal