- SoftBank reportedly in talks to invest in Flipkart through Vision Fund
- SoftBank is an investor in online grocer Grofers, cab hailing firm Ola
- Vision Fund has raised more than $93 billion from investors
That deal would have given SoftBank, as Snapdeal's largest shareholder, a significant stake in Flipkart - but it was scuppered on Monday, in the face of opposition from Snapdeal's founders, Kunal Bahl and Rohit Bansal.
Three sources, who declined to be identified as the discussions were private, said SoftBank founder Masayoshi Son was still eager to invest in Flipkart through his Vision Fund, in which Saudi Arabia is also a major stakeholder.
The Vision Fund's planned investment is not dependent on a deal between Snapdeal and Flipkart, one of the sources said.
Bloomberg reported earlier on Tuesday that the fund could invest up to $2 billion in Flipkart.
The Vision Fund, created by the tech-to-solar conglomerate, has raised more than $93 billion from investors including Saudi Arabia's main sovereign wealth fund and Apple.
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