There could be a SoftBank investment in the country for 2022. SoftBank is among the eminent investors in the Indian tech startup sector. This financial giant can invest another $5-10 billion in this nation in 2022 if it gets the right entities with the right valuations. This statement was released by SoftBank Investment Advisers CEO, Rajeev Mishra.
In the sixth ‘India Economic Forum 2021’, of Bloomberg’s, Mishra asserted that SoftBank had been investing in this country for more than a decade and has successfully invested approximately $14 billion in the past six years. On Thursday he said,
Mishra further noted that similar to the public market, the private capital market in India is strong and a good amount of private capital is flowing in the nation.
Many of the start-ups that received SoftBank investment in India have already enroute to the initial public offerings (IPOs) that include Delhivery, PolicyBazaar, and also Oyo. Businesses like Ola are also reportedly aiming to approach the market regulator SEBI for listing their companies in the upcoming months.
Another SoftBank India backed company Paytm witnessed bids for their IPO that closed on Thursday. Mishra further stated that,
Mishra further explained that the capital quantum that is being raised by founders presently is not as high as it was a few years ago. This investment bank has written big cheques for businesses like Oyo and Paytm in the past.
He further added that,
Discussing the sectors of interest, Mishra further said that SoftBank investments took place in a range of sectors starting from edutech to fintech and also SaaS (Software as a service) companies. He further added that,
While talking about Flipkart in 2018, Mishra said,
He further said that SoftBank Group believed that they followed the process of Flipkart and was convinced that this was going to be one among the two important players along with Amazon in this country and so they went back and invested earlier this year. And also the SoftBank investment criteria were also met.
In July 2021, the Flipkart Group raised $3.6 billion in funding that was conducted by SoftBank Vision Fund 2, Singapore’s sovereign wealth fund GIC, and others which took the value of the e-commerce giant to $37.6 billion.
While the number of individual investments was not revealed, SoftBank is said to have brought in nearly $500 million as a portion of the transaction. Referring to Oyo’s business, he said the hospitality entity has cut costs to a great extent and has been successful in managing the business well, especially during the pandemic crisis. He pointed out,
Asked about SoftBank investment plans in China in the background of the technical crackdown in the country, Mishra asserted that China is a market where SoftBank resides. He further added that,
In the sixth ‘India Economic Forum 2021‘, of Bloomberg’s, Rajeev Mishra discussed that SoftBank had been investing in this country for more than a decade and has successfully invested approximately $14 billion in the past six years. He also shared upcoming Softbank investment plans that they may undertake.