Ripples Advisory, SoftBank’s second vision fund may boost Indian start-ups
The second SoftBank Vision Fund would continue to use the same strategy of writing larger cheques as it used to do from its first start-up investment fund
A second massive Vision Fund from Japanese conglomerate SoftBank Group Corp. would provide further fillip to Indian start-ups trying to build large businesses, experts say.
The fact that SoftBank chief executive Masayoshi Son has already written multi-billion dollar cheques in India from his first Vision Fund and has benefited from the investments indicate that the Indian market would continue to be a major focus for the next fund too. At a conference in Tokyo last month, Son said SoftBank would launch another Vision Fund soon without disclosing the size of the fund or when the company proposes to raise it.
SoftBank’s first Vision Fund raised more than $93 billion, making it the largest private equity fund.
“SoftBank continues to be committed to India as a market and plans to remain invested for the long term,” a spokesperson for the company said while declining to comment on the group’s future plans.
According to venture capital investors, a second massive Vision Fund from SoftBank could be expected to invest in new-age businesses and would continue to use the same strategy of writing larger cheques as it used to do from its first Vision Fund.
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