Softbank to invest $10 bn in India, $1 bn in Snapdeal

Japan’s telecommunication and investment firm Softbank is likely to invest nearly USD 10 billion in India of which they will dedicate USD 1 billion to ecommerce site Snapdeal.com

Snapdeal is bullish on the Indian ecommerce space and expects the market to grow to USD 5 trillion in the next few years. The deal will be an entirely equity investment deal.

The investment firm is said to be interested in Indian telecommunication and aviation space and the IT minister has assured the company of a conducive business climate in India.