Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to further strengthen its presence in India and leverage synergies with its network of Internet companies around the world.

Masayoshi Son, Chairman and CEO of SoftBank Corp. said, “Since SoftBank’s foundation, our mission has been to contribute to people’s lives through the Information Revolution. We believe India is at a turning point in its development and have confidence that India will grow strongly over the next decade.”

Kunal Bahl, Co-founder and CEO of Snapdeal said, “We are confident we will further strengthen our promise to consumers and create life changing experiences for 1 million small businesses in India.”