Softbank Group Corp is interested to invest in Indian startups in the coming days if the startups are suitable. Soft Bank Group Corp. is a Japanese multinational conglomerate and focused on investment management. The Group primarily invests in companies operating in the technology, energy, and financial sectors. It’s headquartered in Minato, Tokyo.
Rajeev Mishra, CEO of Softbank Investment advisers said that if they find the right companies they could invest $5-10 billion in 2022. If they find the right companies for the right valuation.
Soft Bank has invested in many of the Indian start-ups that are a route to their IPOs, including Policy Bazaar. Delhivery and Oyo.
At present Softbank is on the verge of raising the stakes in India just how global firms grow warier of bets in China with tighter regulations across several industries hurting deals there.
“I think fintech is the biggest opportunity in India because India is underbanked. We had Paytm and PolicyBazaar, we are looking at a few other fintech companies, because financial inclusion is a must in India of course, education is another big piece of investing,” he said adding that India is a “major part” of SoftBank’s growth ambitions.
The Bank is involved in a number of environmental and sustainable development programs. According to the bank, Softbank Group is actively working to shape the next 300 years for our coming generations as well as the earth. They envision a future world in which people could survive in balance with the natural world. It aims to use innovative technology to address environmental problems, such as energy issues, from a long-term perspective.