Masayoshi Son-led SoftBank Group Corp. could put more than $4 billion to work in India in 2021 across myriad technology bets, including software as a service (SaaS), B2B marketplaces, e-commerce, health-tech and ed-tech. The investments will come from Japanese company’s Vision Fund 2, which has an investment outlay of up to $30 billion for the current calendar year. “In India, we’ve already invested more than $2 billion in 8-9 companies in the first five months of this year…a few deals are yet to be announced. And we will continue to invest if we find the right opportunities. We anticipate investing a similar size in the remainder of this year,” SoftBank Vision Fund chief executive officer Rajeev Misra said in an interview from London. Among its new bets this year, Vision Fund 2 led a $300 million investment in Meesho in April, catapulting the social commerce platform’s post-money valuation to $2.1 billion.
India
Perusal of SIT report shows ‘sham’ trials conducted in 1984 anti-Sikh riots, SC told
New Delhi (TIP)- The Supreme Court was told on Thursday, November 3, that a perusal of a report filed by a Special Investigation Team (SIT) shows that “sham” trials have been conducted in the 1984 […]
World
Russian opposition leader Navalny faces 20 more years behind bars
MOSCOW (TIP): Russian opposition leader Alexei Navalny faces trial again on Friday to hear whether he has been found guilty of a series of extremism charges that could see him spend 20 more years behind […]
Indian Americans
First Indian-origin Lord Mayor, Councilor Sameer Pandey elected in Australia’s Parramatta City Council
MELBOURNE (TIP): The City of Parramatta Council in Sydney on Monday, May 22, elected Indian-origin Councilor Sameer Pandey as its new Lord Mayor. Pandey’s election to the post coincided with Prime Minister Narendra Modi’s arrival […]
Be the first to comment