Flipkart, Paytm own 60% of their markets: SoftBank's Masayoshi Son

SoftBank has claimed that the cumulative valuation of its investments in India is $6 billion

Masayoshi Son, founder and chairman of Japanese investment giant SoftBank, claimed that the company’s two largest investments in India — Flipkart and Paytm — enjoy majority market share in their respective spaces, and were ahead of their local and global rivals. 

During the announcement of SoftBank’s quarterly results, Son made a case for the company’s $100-billion Vision Fund, from which the two Indian firms received a combined $3.9 billion this year. 

“Flipkart, India’s number one e-tailer has 60 per cent share in the domestic e-commerce market and is bigger than Amazon India. It is very difficult to see someone who is bigger