SoftBank may invest $10 billion in Indian startups in 2022: Rajeev Mishra 

0 53

In the year 2022, SoftBank may spend $10 billion on Indian startups.

According to Rajeev Misra, SoftBank could invest $10 billion in India next year.

A handful of Indian firms funded by SoftBank are set to go public soon. It began with the insurance company Policybazaar and extended to Paytm.

SoftBank’s senior executive Rajeev Misra indicated that the Japanese investor could invest as much as $10 billion in Indian startups in 2022, more than the country’s whole annual venture funding in 2018.

“If we find the right companies, we could invest $5 billion to $10 billion in 2022,” Misra mentioned on Thursday at the Bloomberg India Economic Forum. “If we find the right opportunities at the right valuation.”

SoftBank has invested over $3 billion in Indian businesses this year, ranging from Meesho, a social commerce platform, to Mindtickle, a software company.

While the IPO environment for internet businesses is more intense than ever, Misra, CEO of SoftBank Investment Advisers, said at the Bloomberg India Economic Forum that once pent-up demand is satisfied, it would settle down. SoftBank might invest up to $10 billion if the possibilities are attractive, despite the fact that it is writing smaller checks than before.

A handful of Indian startups funded by SoftBank are set to go public soon. It began with insurance company Policybazaar, then moved on to Paytm, SoftBank’s big bet and one of India’s biggest IPOs. Lenskart, Delhivery, InMobi, Ola, and Oyo, all SoftBank portfolio businesses, are anticipated to IPO soon.

In a SoftBank earnings call earlier this week, SoftBank founder Masayoshi Son indicated that while Paytm was valued at $20 billion when it went public, he expected its value to improve in the future.

India’s tech ecosystem is taking off and SoftBank’s persistence might be “rewarded,” Misra mentioned. “It is India’s time.”

Leave A Reply

Your email address will not be published.