CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company launched its Big investment with Softbank Vision?
A
Flipkart
B
Snap Deal
C
Amazon Pay
D
E Bay
Explanation: 

Detailed explanation-1: -SoftBank Vision Fund plans investment in GoMechanic.

Detailed explanation-2: -The largest investor of the first Vision Fund is the Public Investment Fund of Saudi Arabia contributing $45 billion of the $100 billion fund. Other investors include Softbank, Mubadala as well as technology firms, Foxconn, Qualcomm, Sharp and Apple.

Detailed explanation-3: -Investment landscape In 2021, SoftBank participated in at least three rounds of more than $500 million. The Japanese investment conglomerate participated in Flipkart’s $3.6 billion round, Eruditus’s $650 million round and Meesho’s $645 million round.

Detailed explanation-4: -It also has stakes in Alibaba Group and Sprint Corporation. Other holdings include Softbank Corp., Softbank Vision Fund, Arm Holdings, Fortress Investment Group, Boston Dynamics, T-Mobile US (3.3%), Alibaba (29.5%), Yahoo Japan (48.17%), Brightstar (87.1%), Uber (15%), Didi Chuxing (c. 20%), Ola (c.

Detailed explanation-5: -The India Portfolio The Japanese tech investment firm has also invested in major Indian startups such as Globalbees, OYO, Ola, Flipkart, Meesho, and Lenskart.

There is 1 question to complete.