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

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

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.

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