Is SoftBank the new nuclear warhead for India’s startups?

A customer, center, uses her smartphone as she exits a SoftBank Corp. store at night in Tokyo, Japan, on Sunday, Feb. 8, 2015. Photographer: Kiyoshi Ota/Bloomberg

In a world with two powers, getting SoftBank Group to sign a multi-billion dollar cheque to you is a bit like strengthening your nuclear arsenal. Flipkart recently became something like a nuclear power in world politics by receiving $2.5 billion (at least half of it in fresh capital) from the world’s largest fund in its cold war against Amazon.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe