Bloomberg reported that the investment firm plans to invest a total of $100 billion, with $30 billion originating from the firm itself and the remaining $70 billion from institutions in the Middle East.
The Softbank-backed e-commerce firm has been able to slash its supply-chain overheads by 5% by bringing together India’s unorganised logistics players onto its tech-enabled platform
Japanese multinational investment firm SoftBank's stake in One97 Communications was close to 7.01 percent last year, which has now decreased to 5.06 percent after this sale
Reliance Industries-owned Ajio is setting up a new marketplace for low-priced fashion items, Ajio Street, which will work on a zero-commission model, in a bid to expand its customer base to non-metro cities in India
The company has achieved this feat within eight years of its inception and claims that half of the total sellers registered to belong to tier 2 and smaller towns.
