SoftBank Vision Fund, the technology investor founded by Masayoshi Son, is in talks to invest directly in India’s Flipkart Online Services Pvt, according to people familiar with the matter, after talks to fold SoftBank-backed Snapdeal into Flipkart fell apart.
The fund is looking at putting between $1.5 billion and $2 billion into the largest Indian e-commerce operator within the next two months, said one of the people, asking to not be identified as the discussions are private. About half the money would go to Tiger Global Management, which wants to sell part of its Flipkart stake, while the rest of the funds would go to Flipkart, the person said.
