SoftBank Group $100 Billion funds, maybe going to invest around $2-4 Billion in India over the coming two years, according to the report which has been revealed.
SoftBank Vision Fund which is the largest pool of private capital across the globe is now looking to back startups working in the field of the financial sector. The investment planned to be both as well as follow on investments in its portfolio firms, which require the vast capital.
According to SVF head, “Financial services is broken in India, and it can be the biggest multiplier of growth. This is a great opportunity that we would look at here,” he said in a report.
Apart from that, the SoftBank group will also help to bring up more than 20 of its portfolio companies to India by even making joint venture partnerships with the local firms.
“These products have no competitors here. This is equally an opportunity to create jobs here,” said Misra on striking local partnerships with local businesses.
Just a few days back, Ola Electric, the Electric Mobility arm of Ola had also secured a $250 Million from the SoftBank, who is also only the single largest investor in Ola.