In July, Amazon Corporate Holdings and Amazon.com invested Rs 130 crore in fresh capital in the Amazon Pay India, which will directly compete with Paytm. "They (SoftBank) are looking at acquiring as much market share as possible in India. Those are the two sectors that I would keenly watch out for and see what Softbank does. A faction of investors also believe that for a consumption-led economy like India, SoftBank will want a big piece in all those sectors that contribute significantly to the economy. That is a move it has till date shied away from, preferring to manage the portfolio from Tokyo, San Francisco and Singapore.

Source: Economic Times August 11, 2017 19:07 UTC