News Update

SoftBank may invest $10 billion in Indian startups.

• ByDevika S     |    November 12, 2021

If values are ideal, SoftBank Group Corp. could spend $5 billion to $10 billion in India next year, according to Rajeev Misra, CEO of SoftBank Investment Advisers.“If we find the right companies, we could invest $5 billion to $10 billion in 2022,” Misra said on Thursday at the Bloomberg India Economic Forum.

“If we find the right opportunities at the right valuation.”So far, the Japanese behemoth’s investments in India have paid off handsomely, with its portfolio of Indian businesses enjoying significant price increases. SoftBank plans to increase its investment in India to $3 billion by 2021, just as global corporations become more wary of bets in China, where tougher rules in a variety of industries are affecting transactions.

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