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Japan’s SoftBank on Thursday has become the largest shareholder of Bangalore based Flipkart after it announced a massive infusion of funds through its newly closed USD 100 billion Vision Fund.
Vision Fund is giving sleepless nights to smaller VCs globally as they fear that it will cannibalize the alluring large deals across continents in the technology space.
Here are seven things to know about the world’s largest tech fund:
1) The largest contributors to the USD 93 billion dollars fund are:
-Saudi Arabia’s Public Investment Fund with USD 45 billion
-SoftBank with USD 28 billion
2) The fund was first announced in October 2016, when it was slated to be USD 100 billion funds. However, according to the SEC filing in June 2017, it is reported to be USD 7 billion less than the intended amount.
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