Business, Investments

SoftBank Leads USD 90M Investment in


After making investments in Ola, Snapdeal, now Japanese Corporation Soft Bank is finally making an investment in along with Falcon Edge Capital and others. Last month, there was a rumoured news of SoftBank had leading a USD 100 million funding round in

However now in a Press Release the Japanese investment company has confirmed leading a USD 90 million round, with participation from Falcon Edge Capital.

As mentioned in the statement by Softbank. plans to use the funds to map over 40 million houses across 300 cities in India in the next one-two years. Also, it aims to further invest in the digital infrastructure of India and build synergies with its network of Internet companies in India and around the world.

The firm is also looking to expand the number of services it offers to customers. Recently, it had made tie up with Tata Value Homes to sell homes online using its website, further it launched a new feature ‘Slice View’ to provide home buyers an interactive exploration of a project before making a booking.

Till date, had secured a total funding of over USD 121 million in 5 rounds of funding. Currently, it provides searches in 45 cities with a presence in western and southern India.

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One comment

  1. 1

    BSE and NSE listed Intrasoft technologies is another e-commerce company with low base and unknown look interesting but making some losses like flipkart and snapdeal in online shopping division. It is good only for long term and patience investor.Venture Capitalist Intel Capital is investor of Snapdeal . They have also invested (around 12% holding) in Intrasoft technologies and sees good future of their fast growing online retail shopping 123stores dot com in USA and likely to launch in Canada first then in India. Very soon like Intel some of the other Venture Capitalist investor of FlipKart and Snapdeal like Yuri Milner’s DST Global , Tiger Global, Naspers , Iconiq Capital , Accel Partners, Morgan Stanley Investment Management ,Singapore sovereign-wealth , Nexus Venture Partners , Indo-US Venture Partners ,Bessemer Venture Partners , Kalaari Capita and Qatar Investment Authority will have eye on Intrasoft technologies

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