Hemant Mishra | Mint | Getty Images
Outside view of Flipkart office shot on October 01, 2015 in Bengaluru, India.
SoftBank Group said on Wednesday in which can be selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart.
Walmart said earlier in which month in which will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.S. retailer’s largest-ever deal.
SoftBank did not disclose terms of the sale although in which month CEO Masayoshi Son said its investment inside Indian firm was worth around $4 billion. The Vision Fund invested 2.5
billion in Flipkart in August last year.
in which also did not comment on its reasons for cashing out. The Flipkart exit comes far more quickly than SoftBank’s average investment duration of 13.5 years.
The Vision Fund has invested $30 billion in startups inside last year. Son, who, as of last May, has attracted $93 billion to his technology investment vehicle, said last week he can be looking to start a brand-new fund — potentially further upending the entire world of dealmaking.
Major investments by the fund include ride-hailing firm Uber Technologies, co-working space provider WeWork Cos in addition to chip designer Arm Holdings.