Masayoshi Son, SoftBank’s CEO claims SoftBank is the biggest investor in Indian startups
- ByStartupStory | December 4, 2021
SoftBank founder and CEO Masayoshi Son said the Japanese firm has invested about $14 billion over the past decade in India, making it the country’s largest foreign investor.
Speaking at the Infinity Forum – India’s flagship global financial technology summit– Son said that he had met Prime Minister Narendra Modi several years ago in Japan and made a commitment to invest $5 billion in India.
“Just this year alone, we have invested $3 billion into India. We are the biggest foreign investor in India. We are providers of about 10% of the funding of all the unicorns–firms valued at $ 1 billion or more– in India,” said the 64-year-old billionaire investor who estimates that Softbank-backed firms in India have created one million jobs.
“I believe in the future of India. I believe in the passion of young entrepreneurs in India. There is a bright future. I tell the young people in India, let’s make it happen, I will support,” he said.
SoftBank is amongst the most bullish investors in Indian startups having backed large ventures including Paytm and Policybazaar, both of which were listed on Indian bourses last month, as well as others such as Delhivery, Unacademy, Grofers, Oyo Hotels & Homes.
in 2021, Softbank re-invested in e-commerce major Flipkart besides birthing new unicorns like Zeta, Meesho and OfBusiness.
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