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SoftBank: Masayoshi Son, chief of SoftBank, who invests in the country’s leading startups, may visit India next week. Founders of all SoftBank-invested companies, from public to private, have been asked to be on standby to meet Masayoshi Son in Delhi. This will be Masayoshi Son’s first foreign tour after the Corona epidemic (Covid-19). However, this visit of his is going to be very short.
Japan’s giant SoftBank has invested about $ 15 billion in Indian companies. Out of which he has invested $11 billion only in the last six years. If you look at the companies in Softbank’s portfolio, it includes Paytm, Policybazaar, Delhivery, Swiggy, Meesho, OYO, FirstCry, OffBusiness and Unacademy. In recent times, SoftBank has reduced its investment in several listed tech startup companies by selling shares in Blockdeal.
Masayoshi Son is coming to India when OYO founder Ritesh Agarwal’s wedding reception is on March 7. This reception is going to be held in a five star hotel in Delhi. Ritesh Agarwal Prime Minister Narendra Modi After meeting him, he has also been invited to come. It is being speculated that Masayoshi Son can also attend Ritesh Agarwal’s wedding.
SoftBank has not invested in any Indian company this year. In 2022, he has cut his new investment by 84 percent. Softbank has invested in 100 unicorns in the country. In 2021, he had invested more than $ 3 billion, which has come down to only $ 500 million in 2022. Since 2017, SoftBank has invested $11.2 billion in Indian companies. In 2017, the company had invested $4.1 billion in only 3 deals.
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