SoftBank Group to fund almost 200 cos through second SoftBank Vision Fund: CEO Rajeev Misra

10 successful SoftBank investments in India
10 successful SoftBank investments in India

SoftBank Group, is reportedly expected to invest in almost 200 companies through its second Vision Fund, as per Rajeev Misra, chairman and CEO at SoftBank Vision Fund, reported ET.

“We have 86 companies in our portfolio in fund one, with another 100 in fund two,” Rajeev Misra said.

“So those 186 companies interacting with each other and doing business with each other will be immense,” he added.

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.

Earlier, in February 2019, SoftBank got formal approval from CCI and ended up picking up 22.44 per cent stake for $350 million.

Importantly, in 2018, Son had expressed that he plans to raise a new $100 billion fund even every two to three years, and invest around $50 billion each years.

Till the date, SoftBank Vision Fund has invested in two Indian fintech startups including insurance marketplace PolicyBazaar, and digital payments unicorn Paytm.

SoftBank Vision fund was set up in 2017 with a total corpus of $100Bn. Most of this vision fund was raised from Saudi Arabia and Abu Dhabi.

Conclusively, the company has invested around $10 billion so far in Indian startups.


Please enter your comment!
Please enter your name here