Report: Japan’s Softbank to invest $10 billion in Indian e-commerce

Minato, Japan –- Japanese telecom/technology investment firm Softbank is reportedly planning to invest $10 billion in Indian e-commerce players during the next 10 years.



According to TheStreet.com, Softbank’s investments will include $627 million into Indian e-commerce platform Snapdeal.



Softbank will also lead a $210 million Series D funding round for Ola, an online Indian taxi service that is similar to Uber. Softbank purchased U.S. cellular phone provider Sprint for $21.6 billion in 2013.