Moneycontrol PRO

business

SoftBank Corp betting big on Snapdeal & OLA

Japanese internet and telecom company SoftBank Corp, the largest shareholder in Chinese e-commerce giant Alibaba, is betting big on India. The Softbank group invested USD 627 million in e-commerce market plays snapdeal.com and USD 210 million in online taxi booking service, OLA.

first published: Nov 10, 2014 03:54 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347