SoftBank Vision Fund, the investment fund founded by Japanese billionaire Masayoshi Son, is in talks to invest directly in India's Flipkart Online Services Pvt, Bloomberg reports.

The Vision Fund is looking to pour between $1.5 billion and $2 billion into the largest e-commerce company in India within the next two months. Roughly half of that money will go to Tiger Global Management, which is looking to sell part of its Flipkart stake. The rest of the funds would go to Flipkart.

Flipkart was valued at $11.6 billion in April after eBay Inc. (EBAY) - Get Report , Tencent Holdings Ltd. (TCTZF) , and Microsoft Corp. (MSFT) - Get Report together invested $1.4 billion.

The investment from SoftBank would help Flipkart fortify its operations in India at a critical time, as Amazon.com (AMZN) - Get Report looks to invest at least $5 billion in the country.

The Vision Fund was established by Son, the chairman of Japanese telecom giant SoftBank (SFTBF) , but acts as a separate entity.

Watch More with TheStreet: