SoftBank, based out of Japan, is reportedly, said to be eyeing the mobility sector in India, including the two-wheeler mobility space, reported ET, citing multiple sources.
Japan-based Soft Bank Group, is known for its leadership by founder Masayoshi Son. It, now, owns operations in broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, and other businesses.
“While the model works in Bengaluru, there are questions around how conducive the climate will be in other top cities in India to scale up,” said an investor in one of these scooter-rental companies.
“Also, unit economics is yet to be proven. Even at the density these businesses have in Bengaluru, the losses are unsustainable,” he added.
“Considering the average cheque size of SoftBank’s investments, there’s no room for them yet in this space,” said an entrepreneur building a scooter-sharing firm.
SoftBank has invested in number of Indian startups which includes Oyo, Paytm, Ola, Flipkart and many more.