SoftBank’s new $93 bn Vision Fund is putting $2.5 bn into online retailer Flipkart, in the biggest private investment to date in India’s technology sector.
Sanchit Vir Gogia, Chief Analyst, Founder and CEO of Greyhound, said that even with Flipkart’s huge new capital infusion, it was likely to emerge second-best from that battle. “Flipkart lacks that global perspective in terms of learnings, in terms of people, which Amazon has in a very big way,” he said.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. To read more about him, click here.
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